COMPANIES ACT, 1929

=F

scl
(e) resigns his office by notice in writing to the company;

(f) is directly or indirectly interested in any contract with the
company and fails to declare the nature of his interest in
manner required by section 149 of the Act.

A director shall not vote in respect of any contract in which he is

interested or any matter arising thereout, and if he does so vote his
vote shall not be counted.

Rotation of Divectors.
35. At the first ordinary general meeting of the company the
whole of the directors shall retire from office, and at the ordinary
general meeting in every subsequent year one-third of the directors
for the time being, or, if their number is not three or a multiple of
three. then the number nearest one-third, shall retire from office.
36. The directors to retire in every year shall be those who have
been longest in office since their last election but as between persons
who became directors on the same day those to retire shall (unless
they otherwise agree among themselves) be determined by lot.

37. A retiring director shall be eligible for re-election.
38. The company at the general meeting at which a director
retires in manner aforesaid may fill up the vacated office by electing
a person thereto and in default the retiring director shall be deemed
to have been re-elected unless at such meeting it is resolved not to
fill up such vacated office.
39. The company may from time to time in general meeting in-
crease or reduce the number of directors, and may also determine
in what rotation the increased or reduced number is to go out of
office

40. Any casual vacancy occurring in the board of directors may
be filled up by the directors but the person so chosen shall be subject
to retirement at the same time as if he had become a director on the
day on which the director in whose place he is appointed was last
elected a director.
41. The directors shall have power at any time, and from time
to time, to appoint a person as an additional director who shall
retire from office at the next following ordinary general meeting, but
shall be eligible for election by the companv at that meeting as an
additional director.
42. The company may by extraordinary resolution remove any
director before the expiration of his period of office, and may by an
ordinary resolution appoint another person in his stead. The
person so appointed shall be subject to retirement at the same time
as if he had become a director on the day on which the director in
whose place he is appointed was last elected a director