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[Cites 0, Cited by 0] [Section 12] [Entire Act]

State of Punjab - Subsection

Section 12(4) in The Punjab Apartment Ownership Rules, 1995

(4)The Directors who will retire by rotation at every Annual General meeting every year shall be those who have longest stay in office since their last appointment but as between persons who become Directors on the same day, those who are to retire shall (unless they otherwise agree amongst themselves), be determined by lot. [Sections 20 and 38(2)(e).]