Section 9
Removal of directors from office.
The Warehousing Corporations Act, 1962
About this Act
An Act to provide for the incorporation and regulation of corporations for the purpose of warehousing of agricultural produce and certain other commodities and for matters connected therewith.
(1) The Central Government may, at any time in
consultation with the Central Warehousing Corporation, remove the managing director from office
after giving him a reasonable opportunity of showing cause against the proposed removal.
(2) The board of directors may remove from office any director who--
(a) is or has become subject to any of the disqualifications mentioned in section 8; or
(b) is absent without leave of the board of directors for more than three consecutive meetings of the board without cause sufficient in the opinion of the board, to exonerate his absence.
(2) The board of directors may remove from office any director who--
(a) is or has become subject to any of the disqualifications mentioned in section 8; or
(b) is absent without leave of the board of directors for more than three consecutive meetings of the board without cause sufficient in the opinion of the board, to exonerate his absence.