Regional Rural Banks Act,1976

Act No : 21

---

Section : Disqualifications.

12. Disqualifications.- A person shall be disqualified for being appointed or, as the case may be, nominated as, and for being, a director, if he-- (a) is, or, at any time has been, adjudged insolvent or has suspended payment of his debt or has compounded with his creditors, or (b) is of unsound mind and stands so declared by a competent court, or ---------------------------------------------------------------------- 1. Subs. by Act 1 of 1988 s. 8 (w.e.f. 28-9-1988). 2. Subs. by Act 73 of 1976 s. 6, ibid., for sub-section (4) (w.e.f. 11-6-1976). 3. Subs. by Act 1 of 1988, s. 8, for "the Central Government" (w.e.f. 28-9-1988) 4. Subs. by s. 8, ibid., for "provided that" (w.e.f. 8-9-1988). 268 (c) is or has been, convicted of an offence which, in the opinion of the Central Government, involves moral turpitude.

---

Read All Comments

Comments

Quick Links

• Recent Comments
• Recent Citations
• Bare Acts Alphabetically