Section 43

(e) a period of three years has elapsed from the date, such member ceased to be the Director for the following reasons, namely :— (i) non-calling of annual general meeting or special general meeting under sections 36 and 37 respectively; (ii) non-submission of annual report of activities and audited annual financial statement of accounts to the members under sub-section (4) of section 36 ; (iii) non-conduct of elections of the Directors; and (iv) absence from three consecutive meetings of the Board ; (f) a period of five years has elapsed from the date such a member ceased to be the Director on account of his removal ; and (g) the period of five years has elapsed from the date of conviction for an offence under this Act or for an offence of moral turpitude.