State Financial Corporations Act : Removal of director from office. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Removal of director from office.

13. Removal of director from office. The State Government may remove from office any director who-- (a) is, or has become, subject to any of the disqualifications mentioned in section 12; or (b) without excuse sufficient in the opinion of the State Government to exonerate it, is absent without leave of the Board from more than three consecutive meetings of the Board. ---------------------------------------------------------------------- 1. Subs. by Act 77 of 1972, s. 8, for "for not more than two full consecutive terms". 79