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Section 22: Removal of directors from office.

The Warehousing Corporations Act, 1962Central Act · Act 58 of 1962

(1) The State Government may, at any time, [under intimation to] of 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 21; 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.

Where this provision sits

ActThe Warehousing Corporations Act, 1962
Section22
Marginal noteRemoval of directors from office.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. . Subs. by s. 5, ibid., for "with the previous approval of" (w.e.f. 1-11-2001).

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