- 04/25/2019 at 6:22 am #607211EduGorillaKeymasterSelect Question Language :
Which of the following statements are false?
(i) The maximum period of office that may be held continuously by an ordinary director in a banking company is eight years.
(ii) The banking company or the person affected by the RBI order may appeal to the central government within 90 days.
(iii) At least 71% of the directors should have the qualification prescribed under section 10A (2) of Banking Regulation Act.
(iv) The director of a banking company should not have substantial interest in any other company.
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