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11. No person shall be or shall continue to be a Director who-
(a) is or at any time has been adjudicated insolvent;
(b) is found to be a lunatic or of unsound mind;
(c) is or at any time has been convicted of an offence which, in the opinion of the Government, is an offence involving moral turpitude;
(d) is a minor, or
(e) absents himself from three consecutive meetings of the Board without leave of absence granted by the Chairman, or, in the case of the Chairman, by the Government.
