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    Question

    Which section of the Banking Regulation Act, 1949 delas

    with the provision of Prohibition of common Directors?
    A Section 10 Correct Answer Incorrect Answer
    B Section 11 Correct Answer Incorrect Answer
    C Section 15 Correct Answer Incorrect Answer
    D Section 16 Correct Answer Incorrect Answer

    Solution

    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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