(1) No person shall hold the position of director of a bank or financial institution in the following cases:- (a) If he is not qualified as per section 16 or 17 or if he is disqualified as per section 18, (b) At least nineteen percent of the shares of the group from which the director was appointed If the shareholder to be represented passes the resolution presented to the general meeting to remove him from the position of director by a majority, Explanation: For the purposes of this section, "group" means the group of founders and ordinary shareholders. If the director does any act that should not be done according to the instructions of the bank, (e) If the National Bank instructs him to remove him because he has acted contrary to the rights and interests of the bank or financial institution or the depositor, and that he is unfit to perform the duties of the director of the bank or financial institution. (2) The bank or If a financial institution believes that one of its directors is unfit to hold the position in accordance with this Act or the National Bank Act, or if he is not holding the position of director, he shall inform the National Bank in writing within fifteen days thereof. The National Bank will be able to give appropriate instructions regarding the directors who have come in writing.