Question
What is the maximum continuous tenure a director of a
banking company (other than the chairman or whole-time director) can hold office, as per the Banking Regulation Act?Solution
Section 10A. Board of directors to include persons with professional or other experience:(2) be proprietors of any trading, commercial or industrial concern, not being a small-scale industrial concern. 1 [(2A) Notwithstanding anything to the contrary contained in the Companies Act, 1956 (1 of 1956), or in any other law for the time being in forceā (i) no director of a banking company, other than its chairman or whole-time director, by whatever name called, shall hold office continuously for a period exceeding eight years.
How is A related to B?
I Ā C has only two kids A & B and is father-in-law of D who is brother-in-law of B
II Ā R is brother-in-law of A ...
Statements: M = U, U = V, V < W
Conclusion: I. W > M II. W = U
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II....
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