Answer-Section 10A(2A) of the Act, as amended, restricts the tenure of directors of a banking company. A di...

Section 10A2Ai provides that no director of a banking company, other than its chairman or whole-time director, shall hold office continuously for a period exceeding eight years. The Banking Laws Amendment Act, 2025 Act 16 of 2025, by Section 4 with effect from 1 August 2025, inserted the words and ten years in case of a co-operative bank, thereby extending the continuous tenure ceiling to ten years for directors of co-operative banks. This recognises the distinct governance context of the co-operative banking sector while retaining tenure discipline. Section 10A2Aii separately bars a removed chairman or whole-time director from re-appointment as a director for four years.

Question

Section 10A(2

A of the Act, as amended, restricts the tenure of directors of a banking company. A director (other than the chairman or a whole-time director) shall not hold office continuously for a period exceeding eight years; however, in the case of a co-operative bank, the Banking Laws (Amendment) Act, 2025 extended this continuous tenure ceiling to:

A Six years

B Eight years

C Twelve years

D Fifteen years

E Ten years

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