Act Number: 58

Act Name: The Warehousing Corporations  Act, 1962

Year: 1962

Enactment Date: 1962-12-19

Long Title: 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.

Ministry: Ministry of Consumer Affairs, Food and Public Distribution

Department: Department of Food and Public Distribution

Section 9: Removal of directors from office.
    (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.
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