Vacation of office.

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Full Text of the Document

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....s director of small shareholders ceases to be a small shareholders' director on and from such date on which he ceased to be a small shareholder;      (ii) he has been rendered disqualified by virtue of sub-rule (1) of rule 5;      (iii) he fails to pay any call in respect of shares of the company held by him, whether alone or jointly with others, withi....