11. No person shall be or shall continue to be a Director who,-
(a) is a salaried official of the Bank, other than the Managing Director; or
(b) is or has at any time been adjudicated an insolvent; or
(c) is found lunatic or becomes of unsound mind; or
(d) is or has at any time been convicted of an offence involving moral turpitude; or
(e) is a minor; or
(f) absents himself from three consecutive meetings of the Board or, if he is a member of the Executive Committee, from three consecutive meetings of the Committee, without leave of absence from the Chairman or, in the case of the Chairman, from the Government.
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Ministry of Law, Justice and Parliamentary Affairs