(1) A director elected by the general meeting may be removed by a majority of the shareholders present at the
general meeting in the following circumstances:
(a) In case he/she suffers from any of the disqualification mentioned in Section 10.
(b) In case he/she remains absent from three consecutive meeting of the Board without any reasonable explanation and without
the permission of the Board.
(2) ………… ∝
(3) The directors shall ioso facto leave the Board in the following
circumstances:
(a) In case their resignation from membership is accepted.
(b) In the event of death.
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