The words "or a salaried official ofa State in India" omitted by the AO. 1950. 13 — THE RESERVE BANK OF INDIA ACT, 1934

The words "or a salaried official ofa State in India" omitted by the AO. 1950. 13

12. The words "or a salaried official ofa State in India" omitted by the AO. 1950. 13_ The words *or Burma omitted by Act 1 of 1947, s. 8 (W.e.f: 1-4-1947). Earlier inserted by the M.O. 1937. 10 [(e) is Director of banking company within the meaning of clause (c) of 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_

Section Section 12