State Financial Corporations Act : Remuneration of directors. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Remuneration of directors.

5*[16. Remuneration of directors. The directors other than the managing director and not being servants of the Government shall be paid such fees as may be prescribed for attending meetings of the Board and, if they are ---------------------------------------------------------------------- 1. Subs. by Act 77 of 1972, s. 9, for certain words. 2. Ins. by Act 56 of 1956, s. 8. 3. Ins. by s. 11, ibid. 4. Omitted by Act 43 of 1985, s. 11 5. Subs. by Act 6 of 1962, s. 7, for s. 16 (w.e.f. 16-4-1962). 80 members of the Executive Committee, or any other committee appointed by the Financial Corporation, for attending meetings of such Committee.]