Section Section 5
of the ?[Banking Regulation Act; 1949 (10 of 1949)], 0r of a co-operative bank:
section 5 of the ?[Banking Regulation Act; 1949 (10 of 1949)], 0r of a co-operative bank: ] (2) No two persons who are partners of the same mercantile firm; O are Directors of the same private company, O one of whom is the general agent of or holds a power of procuration from the other, or from mercantile firm of which the other is partner, may be Directors Or members of the same Local Board at the same time_
(3) Nothing in clause (a), clause (d) or clause (e) of sub-section (Z) shall apply to the Governor, or to Deputy Governor or to the Director nominated under clause (d) of sub-section (Z) of section 8_ 11. Removal from and vacation of office: 1) The [Central Government] may remove from office the Governor, or a Deputy Governor or 4[any other Director or any member of a Local Board]: 5*
6[(2) A Director nominated under clause (b) or clause (c of sub-section( /) of
Roop's Law Assist