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Disqualification of Directors.
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25.—If and whenever a Director other than a service Director—
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(a) becomes by ill-health permanently incapacitated for performing his duties as such Director, or
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(b) is adjudged bankrupt (whether in the State or in any other country) or makes a composition or arrangement with his creditors, or
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(c) is sentenced by a court of competent jurisdiction to suffer imprisonment or penal servitude, or
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(d) ceases to be ordinarily resident within the State, or
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(e) absents himself from all meetings of the Board for a period of six months without the permission of the Board,
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he shall forthwith become and be disqualified from holding the office of Director.
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