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    Question

    Can a Banking Company incorporated in India have as a

    director in its Board of directors any person who is a director of any other banking company?
    A No Correct Answer Incorrect Answer
    B Yes Correct Answer Incorrect Answer
    C Maybe if approved by the company Correct Answer Incorrect Answer
    D If approved by Central Government Correct Answer Incorrect Answer
    E If approved by the Board of Directors Correct Answer Incorrect Answer

    Solution

    Section 16. Prohibition of common directors: (1) No banking company incorporated in India shall have as a director in its Board of directors any person who is a director of any other banking company.

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