Section Provisions
THE BANK OF PUNJAB ACT, 1989 THE BANK OF PUNJAB ACT, 1989 13. Removal of Directors.'(1) The shareholders may, by a special resolution passed by the votes of shareholders holding in the aggregate more than one half of the paid-up capital for the time being remove any Director, other than a Director appointed by the. Government, before the expiration of his period of office, and appoint in his stead a qualified person who shall hold office subject to sub-section (2) of Section 15. (2) Directors appointed by the Government may be removed and, replaced by other Directors at the discretion of the Government.