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Section-10C Chairman and certain Directors not to be required to hold qualification shares
Section-10C Chairman and certain Directors not to be required to hold qualification shares.
A Chairman of the Board of Directors who is appointed on a whole-time basis or a Managing Director] of a banking company (by whomsoever appointed) and a director of a banking company (appointed by the Reserve Bank under section l0A) shall not be required to hold qualification shares in the banking company.]
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