Question

As per the Banking Regulation Act which of the following

Q: Answer-As per the Banking Regulation Act which of the following statements relating to the acquisition of q...

Section 10C. Chairman and certain directors not to be required to hold qualification shares A chairman of the Board of directors who is appointed on a whole-time basis or a managing director of a banking company by whomsoever appointed and a director of a banking company appointed by the Reserve Bank under section 10A shall not be required to hold qualification shares in the banking company.

statements relating to the acquisition of qualification shares by managing directors of a banking company is true?

A Managers of banking companies are required to acquire shares immediately upon appointment

B Managers of banking companies are exempted from holding qualification shares

C Managers of banking companies must acquire shares within one month of appointment

D Managers of banking companies must acquire shares within six months of appointment

E Managers of banking companies must acquire shares within one year of appointment

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As per the Banking Regulation Act which of the following

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