Regional Rural Banks Act,1976

Act No : 21

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Section : Fees and allowances of directors and members of committees.

16. Fees and allowances of directors and members of committees.- (1) Every director and every member of a committee (other than the Chairman) shall be paid such fees and allowances as may be determined by the Central Government: Provided that no fees shall be paid to any director, or member of a committee, if he is an officer of the Central Government, State Government, the Reserve Bank, 1*[National Bank] Sponsor Bank or any other bank. (2) The allowances payable to a director or a member of a committee, who is an officer of the Central Government State Government, Reserve Bank 1*[National Bank] Sponsor Bank or any other bank, shall be paid by the Government or bank by which such officer is employed; and the allowances and fees payable to any other director or member of a committee shall be payable by the concerned Regional Rural Bank. ---------------------------------------------------------------------- 1. Ins. by Act 1 of 1988, s. 10 (w.e.f. 28-9-1988). 270

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