Repealed or not in force · As amended up to 2026-08
XIII. And it is hereby enacted, that two of the six Directors elected as provided in Section XII. And to be elected by the Proprietors, shall in rotation go out of office on the second Monday in the month of December in every year, on which day in every year a General Meeting of Proprietors shall be held for the election of two Directors in their stead; provided always that any Director going out by rotation as aforesaid may not be re-elected at the election which takes place thereupon.
Source: India Code