Question
As laid down under the Banking Regulation Act no banking
company shall have in its Board of directors, ______________directors who are directors of companies which among themselves are entitled to exercise voting rights in excess of twenty per cent of the total voting rights of all the shareholders to that banking company.Solution
Section 16. Prohibition of common directors: (1A) No banking company referred to in sub-section (1) shall have in its Board of directors, more than three directors who are directors of companies which among themselves are entitled to exercise voting rights in excess of twenty per cent of the total voting rights of all the shareholders to that banking company.
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Underwriting commission for issue of shares, shall not exceed:
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Other things remaining the same, infusion of fresh equity will ______ the credit profile of a company.
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