Section 11Section 11

s. 11

11 No person shall be or shall continue to be a Director of a Corporation who- (a) is or at any time has been adjudicated insolvent; (b) is found to be a lunatic or of unsound mind; (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; (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 or the controlling Corporation as the case may be.