Section 8Section 8

s. 8

8 No person shall be or shall continue to be a Director who- (a) is or at any time has been adjudicated insolvent; or (b) is found to be a lunatic or of unsound mind; or (c) is or at any time has been convicted of an offence which, in the opinion of the Government, is an offence involving moral turpitude; or (d) is a minor; or (e) absents himself from three consecutive meetings of the Board without leave of absence granted by the Chairman, or, in the case of the Chairman, by the Government.