Question

A person had previously served as a director on the Board of a Public Sector Bank (PS

Q: Answer-A person had previously served as a director on the Board of a Public Sector Bank (PSB) for a total...

The provision clearly states that a person shall be disqualified if they have served as a director on the Board of any bank for six years, whether continuously or intermittently. A key clarification and common exam trap is provided in the Explanation, which explicitly includes the same bank within the meaning of bank. Therefore, prior service in the same PSB cannot be excluded while computing the 6-year limit. The disqualification is absolute, and not subject to conditions like cooling-off period, shareholder approval, or nature of directorship executivenon-executive. Hence, once the aggregate tenure reaches six years, the person becomes ineligible for reappointment, even in the same bank.

B for a total period of six years. After a gap, the same individual seeks nomination/election again as a director in the same PSB. In light of the disqualification provisions relating to past directorship in banks, which of the following statements correctly determines their eligibility?

A Eligible, provided a reasonable cooling-off period has elapsed

B Not eligible, but only if the six-year tenure was continuous without any break

C Not eligible, since past directorship in the same bank is also counted for disqualification

D Eligible, if the earlier tenure was in a non-executive capacity

E Eligible, if there is a gap of at least one year between tenures

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