The Regional Rural Banks Act,1976
Section 9. Board of directors
(1) The Board of directors shall consist of the Chairman appointed under sub-section (1) of section 11, and the following other members, namely:–
(a) Not more than three directors, to be nominated by the Central Government;
(b) Not more than two directors, to be nominated by the concerned State Government; and
(c) Not more than three directors, to be nominated by the Sponsor Bank.
(2) The Central Government may increase the number of members of the Board; so, however, that the number of directors does not exceed fifteen in the aggregate and also prescribe the manner in which the additional number may be filled in.
