The Companies Act, 1956
336. VACATION OF OFFICE ON CONVICTION IN CERTAIN CASES.
Subject to the provisions of sections 340 and 341, the managing agent of a company shall also be deemed to have vacated his office as such, if -(a) the managing agent;(b) in case the managing agent is a firm, any partner in the firm; or(c) in case the managing agent is a body corporate, any director of, or any officer holding a general power of attorney from, such bodycorporate;
is convicted by a Court in India, after the commencement of this Act, of any offence, and sentenced therefor to imprisonment for a period of not less than six months.