धारा 24

A director shall vacate his office if he incurs any of the disqualifications specified in section 164. A director shall vacate his office if he is subject to any of the disqualifications specified in section 165. A director shall vacate his office if he is convicted by a court of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for a term of not less than six months. A director shall vacate his office if he is convicted by a court of any offence and sentenced in respect thereof to a fine of not less than ten thousand rupees. A director shall vacate his office if he is convicted by a court of any offence and sentenced in respect thereof to imprisonment for a term of not less than six months and also to a fine of not less than ten thousand rupees.