Section 8
Circumstance Where Office Of Director Falls Vacant
(1) The office of director shall be deemed to have fallen vacant in the following circumstance:
(a) If he or she suffers from any disqualification for appointment to the office of director as mentioned in Section 7;
(b) If the resignation tendered by the director is accepted by the Government of Nepal;
(c) If he or she absents from the meeting of the Board for more than Three consecutive meeting without giving a
notice of reasonable reason for being so absent, or (d) If a Two-thirds majority of the general meeting passes
a resolution to remove him or her from the office of director.
(2) If the Government of Nepal thinks that it is not appropriate to continue any director in the office of director for the interest of the
Corporation, the Government of Nepal may remove such a director at any time.
(a) If he or she suffers from any disqualification for appointment to the office of director as mentioned in Section 7;
(b) If the resignation tendered by the director is accepted by the Government of Nepal;
(c) If he or she absents from the meeting of the Board for more than Three consecutive meeting without giving a
notice of reasonable reason for being so absent, or (d) If a Two-thirds majority of the general meeting passes
a resolution to remove him or her from the office of director.
(2) If the Government of Nepal thinks that it is not appropriate to continue any director in the office of director for the interest of the
Corporation, the Government of Nepal may remove such a director at any time.