Companies Act, 2013
Section - 378Q - Vacation of office by directors
Vacation of office by directors.378Q. (1) The office of the director of a Producer Company shall become vacant if,-
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| (a) | - | he is convicted by a court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months; |
| (b) | - | the Producer Company, in which he is a director, has made a default in repayment of any advances or loans taken from any company or institution or any other person and such default continues for ninety days; |
| (c) | - | he has made a default in repayment of any advances or loans taken from the Producer Company in which he is a director; |
| (d) | - | the Producer Company, in which he is a director- |
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