Compensation for loss of office of managing or whole-time director or manager.

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....o any other director, by way of compensation for loss of office, or as consideration for retirement from office or in connection with such loss or retirement.      (2) No payment shall be made under sub-section (1) in the following cases, namely:-           (a) where the director resigns from his office as a result of the reconstruc....

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....he director;           (e) where the director has been guilty of fraud or breach of trust in relation to, or of gross negligence in or gross mismanagement of, the conduct of the affairs of the company or any subsidiary company or holding company thereof; and           (f) where the director has instigated, or has....