Section 45V of the Banking Regulation Act, 1949 – References to directors, etc., shall be construed as including references to past directors, etc

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Section 45V: References to directors, etc., shall be construed as including references to past directors, etc

1[45V. References to directors, etc., shall be construed as including references to past directors, etc.–For the removal of doubts it is hereby declared that any reference in this Part to a director, manager, liquidator, officer or auditor of a banking company shall be construed as including a reference to any past or present director, manager, liquidator, officer or auditor of the banking company.]

Source: official text of The Banking Regulation Act, 1949 as published on India Code (PDF). All sections of the Banking Regulation Act, 1949.

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