Question

Section 36AH of the Banking Regulation Act, 1949 provides for the constitution of a Tribunal for determining compensation payable to shareholders of an acquired banking company. The Tribunal shall consist of a Chairman and two other members. Which of the following correctly describes the composition of the two other members?

A Both must be retired judges of a High Court
B Both must be officers of the Reserve Bank with at least twenty years of service
C One must have experience of commercial banking and the other must be a chartered accountant
D Both must be economists nominated by the Central Government
E One must be a Company Secretary and the other a cost accountant
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