धारा 28

The term of office of a director shall be such as may be prescribed. A director shall hold office for such period as may be prescribed. A director may be appointed for a fixed term or for a period of five years, whichever is less. A director who has been appointed for a fixed term shall vacate office on the expiry of such term. A director who has been appointed for a period of five years shall vacate office on the expiry of such period. A director who has been appointed for a fixed term or for a period of five years may be reappointed for a further term of five years.