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(1) The Central Government may, at any time in
consultation with 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 8; 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.
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