Section 12
Circumstance Where Director May Be Removed
(1) Any elected director may be removed by a majority of the shareholders present at the general meeting, in the following circumstance:
(a) If he or she suffers any disqualification set forth in Section 11,
(b) If he or she absents from the meeting of the Board for more than Three consecutive meetings without permission of the Board and the reason for such absence is not reasonable in the opinion of the Government of Nepal in the case of a nominated director and of the general meeting in the case of an elected director,
(c) If he or she is proved to have partnership in any contract entered into with the Corporation in violation of Section 18. 10
(2) In the case of a director elected from amongst the shareholder employees, if a majority of such shareholder employees adopts a resolution of no-confidence.
(a) If he or she suffers any disqualification set forth in Section 11,
(b) If he or she absents from the meeting of the Board for more than Three consecutive meetings without permission of the Board and the reason for such absence is not reasonable in the opinion of the Government of Nepal in the case of a nominated director and of the general meeting in the case of an elected director,
(c) If he or she is proved to have partnership in any contract entered into with the Corporation in violation of Section 18. 10
(2) In the case of a director elected from amongst the shareholder employees, if a majority of such shareholder employees adopts a resolution of no-confidence.