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    5. Which section of the Banking Regulation Act, 1949 delas with the provision of Prohibition of common

    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.

    Practice Next
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