181.
| (1) Save as otherwise provided in section 182, no person shall be capable of being appointed a director of a public company or of a private company which is a subsidiary of a public company, if he has attained the age of seventy years. |
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| (2) Save as aforesaid, a director of a public company or of a private company which is a subsidiary of a public company shall vacate his office at the conclusion of the annual general meeting commencing next after he attains the age of seventy years: |
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| (3) Where a person retires by virtue of the provisions subsection (2) no provision for the automatic reappointment of retiring directors in default of another appointment shall apply ; and if at the meeting at the conclusion of which he retires, the vacancy is not filled, it may be filled as a casual vacancy. |
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Sri Lanka Consolidated Acts