law: National Bank for Agriculture and Rural Development Act, 1981 
  10. Vacation and
  
  resignation of office by directors.- 
  1.     
  
    If
  
  a director-
  a.     
  
    becomes
  
  subject to any of the disqualifications mentioned in section 9; or
  b.    
  
    is
  
  absent without leave of the Board for more than three consecutive meetings
  
  thereof, his seat shall thereupon become vacant.
  2.     
  
    Any
  
  director may resign his office by giving notice thereof in writing to the
  
  Central Government, and on his resignation being accepted by the Central
  
  Government or if his resignation is not sooner accepted, on the expiry of three
  
  months from the receipt thereof by the Central Government, he shall be deemed
  
  to have vacated his office.