Section 11Section 11

s. 11

11 No person shall be or shall continue to be a Director who,- (a) is a salaried official of the Bank, other than the Managing Director; or (b) is or has at any time been adjudicated an insolvent; or (c) is found lunatic or becomes of unsound mind; or (d) is or has at any time been convicted of an offence involving moral turpitude; or (e) is a minor; or (f) absents himself from three consecutive meetings of the Board or, if he is a member of the Executive Committee, from three consecutive meetings of the Committee, without leave of absence from the Chairman or, in the case of the Chairman, from the Government.