Reserve Bank of India Act, 1934
Section - 10 - Disqualifications of Directors and members of Local Boards
Disqualifications of Directors and members of Local Boards.
10. (1) No person may be a Director or a member of a Local Board who-
| (a) | - | is a salaried Government official, or |
| (b) | - | is, or at any time has been, adjudicated an insolvent, or has suspended payment or has compounded with his creditors, or |
| (c) | - | is found lunatic or becomes of unsound mind, or |
| (d) | - | is an officer or employee of any bank, or |
| [(e) | - | is a director of a banking company within the meaning of clause (c) of section 5 of the Banking [Regulation] Act, 1949 (10 of 1949) or of a co-operative ba .... To read the full section download the app from Google Play store
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