(1) The State Government may, at any time, remove any director from office, if in its opinion such director-
(a) is or has become subject to any disqualification mentioned in section 9;
(b) is absent without leave of the Board from more than three consecutive meetings thereof without a cause sufficient in the opinion of the Board to exonerate his absence;
(c) has acted in contravention of the provisions of section 10; or
(d) has been found guilty for any other reason which may be considered sufficient by the Board:
Provided that no order of removal shall be passed without giving the director a reasonable opportunity of showing cause against the proposed order.
(2) A director may resign his office by giving notice thereof in writing to the State Government and on such resignation being accepted he shall be deemed to have vacated his office.