The nominated director may be removed by the Government of Nepal and the 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 9, or
(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 the nominated director, and of the general meeting in the case of the elected director, or
(c) If he or she is proved to have partnership in any contract entered into with the Corporation in violation of Section 16.