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[Cites 0, Cited by 0] [Section 13] [Entire Act]

Union of India - Subsection

Section 13(1) in The Unit Trust Of India Act, 1963

(1)If a trustee--
(a)becomes subject to any of the disqualifications mentioned in section 12; or
(b)is absent without leave of the Board from more than three consecutive meetings thereof; or
(c)being a trustee elected or deemed to be elected under clause (e) of section 10 becomes an officer or other employee of Government or of the Reserve Bank [or of the Development Bank] [Inserted by act 52 of 1975, Section 51, (w.e.f. 16-2-1976)], State Bank, a subsidiary bank or the Trust, his office shall thereupon become vacant.