Section 10A(2A) of the Act, as amended, restricts the

Solution

Section 10A(2A)(i) 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 10A(2A)(ii) separately bars a removed chairman or whole-time director from re-appointment as a director for four years.