Provided that such person shall disclose to the Government, the nature and extent of the shares held by him.

Removal of Non-Official Chairman and Directors Removal of Non-Official Chairman and Directors.

1. (1) . If at any time, it appears to the Government that a whole time Director is unsuitable for such office, or has been guilty of any misconduct or neglect which renders his removal expedient, they may, by notification, remove him from office after giving him a reasonable opportunity of showing cause.
2. (2) . The Government, may by notification, remove non-official Chairman or any Non-Official Director after giving him a reasonable opportunity of showing cause
   • (a) . if he, being a legal practitioner acts or appears on behalf of any person other than the Board in any civil, criminal or other legal proceedings in which the Board is interested either as a party or otherwise, or
   • (b) . if he, in the opinion of the Government, is unsuitable or has become incapable of acting as Chairman or Director or has been guilty of any misconduct or neglect or has so abused his position as a Director as to render his continuance as such Chairman or Director detrimental to the interests of the Board.
3. (3) . A non-official Chairman or a Non-Official Director removed under the provision of clause
   • (a) of sub-section
4. (2) shall, unless otherwise directed by the Government, be disqualified for appointment as the Chairman or a Director for a period of three years from the date of such removal.
5. (4) . A non-official Chairman or Non-Official Director removed under clause
   • (b) of sub-section
6. (2) shall hot be eligible for reappointment until he is declared by an order of the Government to be no longer as ineligible.