Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Section 12 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 12. Composition of Board of Directors

(1) The Board of Directors of the Hyderabad Bank shall consist of the following:-

(a) A managing director to be appointed by the Reserve Bank with the approval of the Central Government;

(b) An officer of the Central Government to be nominated by that Government;

(c) An officer of the Reserve Bank to be nominated by that bank;

(d) Such number of other directors not exceeding three, to be nominated by the Reserve Bank with the approval of the Central Government.

(2) If a director nominated under clause (b) or clause (c) of sub-section (1) is, for any reason, unable to attend any meeting of the Board of Directors or any of its committees, the Central Government or the Reserve Bank, as the case may be, may depute any other person to attend the said meeting and such other person shall have the right to speak in and otherwise take part in the proceedings of the meeting and shall also be entitled to vote at such meeting.

Previous | Next

The State Bank of Hyderabad Act,1956

Indian Laws – Bare Acts

MyNation

Leave a Reply

Your email address will not be published.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

Copyright © 2021 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