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Section 19 – The State Bank of Hyderabad Act,1956

The State Bank of Hyderabad Act,1956

Section 19. Removal from office of director

The Reserve Bank may, with the previous approval of the Central Government, remove from office-

(a) The managing director of the Hyderabad Bank, or

(b) A director nominated under clause (d) of sub-section (1) of section 12:

Provided that no such managing director or director shall be removed from office unless he has been given an opportunity of showing cause against the proposed removal.

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The State Bank of Hyderabad Act,1956

Indian Laws – Bare Acts

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