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Section 18 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 18. Remuneration of directors

A director, shall be paid for attending the meetings of the Board of Directors or of any of its committees and for attending to any other business of the Hyderabad Bank such fees and allowances as may be prescribed:

Provided that no fee shall be payable to the managing director or any other director who is an officer of the Central Government or the Reserve Bank.

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The State Bank of Hyderabad Act,1956

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