Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 9 – The Small Industries Development Bank of India Act,1989

The Small Industries Development Bank of India Act,1989

Section 9. Vacation and resignation of office by Directors

(1) If a Director-

(a) Becomes subject to any of the disqualifications mentioned in section 8 or

(b) Is absent without leave of the Board for three or more consecutive meetings thereof,

His seat shall thereupon become vacant.

(2) Any Director may resign his office by giving notice thereof in writing to the authority that nominated him and on his resignation being accepted by such authority or if his resignation is not sooner accepted, on the expiry of three months from the receipt thereof by such nominating authority, he shall be deemed to have vacated his office.

Previous | Next

The Small Industries Development Bank of India Act,1989

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2020 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation