22Removal of directors from office.

(1) The State Government may, at any time, ¹[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.