Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 10 D – The Banking Regulation Act,1949

The Banking Regulation Act,1949

Section 10D. Provisions of sections 10A and 10B to override all other laws, contracts, etc.

Any appointment or removal of a 1[director, chairman of the board of directors who is appointed on a whole-time basis or a managing director] in pursuance of section IOA or section 10B 2[or section 10BB] shall have effect and any such person shall not be entitled to claim any compensation for the loss or termination of office, notwithstanding anything contained in any law or in any contract, memorandum or articles of association.]

——————–

1. Subsituted by Act 20 of 1994, sec 5 w.e.f. 31-1-1994.

2. Inserted by Act 1 of 1984, Section 20 w.e.f. 31-1-1984.

Previous | Next

The Banking Regulation Act,1949

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2024 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation