Bank of Madras Act, 1843, 9 of 1843 (Rep., Act 5 of 1862)

Section XVI. And it is hereby enacted, that in case of the death, resignation or absence from Madras for more tha

Repealed or not in force · As amended up to 2026-08

XVI. And it is hereby enacted, that in case of the death, resignation or absence from Madras for more than three months, or disqualification under Section XVII., or removal as aforesaid of any Director elected as provided in Section XIV., or to be elected by the Proprietors after the incorporation of the Bank of Madras, the Directors shall call a General Meeting of the Proprietors, to be held within fifteen days of the day of notice, for the purpose of choosing a successor, and such successor shall come into the place in rotation above mentioned of the late Director.

Source: India Code