Section 13
Resignation Of Directors And Fulfillment Of Vacancy
(1) Any nominated director and elected director may resign from office by giving a notice in writing to the Government of Nepal and to the Board,
respectively. Upon acceptance of resignation, he or she shall be deemed to have abandoned the office.
(2) If the office of a nominated or elected director falls vacant because of his or her death, resignation or any other cause, the vacancy shall be fulfilled by nomination or election, and the director so elected or nominated shall hold the office only for the remainder of the term of the predecessor.
(3) Any acts of the Board already done shall not be invalid by the reason only that any irregularity was made in the formation of the Board or that the office of any director fell vacant.
respectively. Upon acceptance of resignation, he or she shall be deemed to have abandoned the office.
(2) If the office of a nominated or elected director falls vacant because of his or her death, resignation or any other cause, the vacancy shall be fulfilled by nomination or election, and the director so elected or nominated shall hold the office only for the remainder of the term of the predecessor.
(3) Any acts of the Board already done shall not be invalid by the reason only that any irregularity was made in the formation of the Board or that the office of any director fell vacant.