Question

Under Section 11 of the RBI Act, 1934, a Director nominated under clause (b) or (c) of Section 8(1) ceases to hold office if, without leave from the Central Board, he absents himself from how many consecutive meetings of the Board?

Q: Answer-Under Section 11 of the RBI Act, 1934, a Director nominated under clause (b) or (c) of Section 8(1)...

Section 112 provides that a Director nominated under clause b or clause c of sub-section 1 of Section 8 shall cease to hold office if, without leave from the Central Board, he absents himself from three consecutive meetings of the Board convened under Section 131. The Central Government may also remove a Director under Section 111, and must remove any Director who becomes subject to the disqualifications in Section 10. The correct number of consecutive meetings is three.