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Disqualification from being member or director on ceasing to be employee.
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12.—(1) A person, who has been appointed pursuant to section 15 of the Principal Act to be, as the case may be, a member or a director of a designated body, shall cease to be such member or director if, for any reason, he ceases to be an employee of that body.
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(2) Whenever a person ceases to be, as the case may be, a member or director of a designated body pursuant to subsection (1) of this section, a vacancy amongst the members or directors of the designated body concerned shall be deemed to have occurred on the day following the day on which such person ceases to be an employee of that body and the provisions of the Principal Act relating to casual vacancies shall apply accordingly.
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