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      Question

      A 'Fit and Proper' declaration must be obtained from

      every director every year as of:
      A January 1st Correct Answer Incorrect Answer
      B March 31st Correct Answer Incorrect Answer
      C June 30th Correct Answer Incorrect Answer
      D September 30th Correct Answer Incorrect Answer
      E December 31st Correct Answer Incorrect Answer

      Solution

      A PSB shall obtain from an elected director a declaration as on March 31 every year to the effect that the information already provided by such person has not undergone any change. Provided that, where there is change in the information provided earlier, the PSB shall obtain from such director a fresh declaration incorporating the changes.

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