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Section 29: The Board or the State Board shall be constituted in the following manner

Bye Laws of SADBState Regulations of Punjab · 1961

i) One nominee of NABARD nominated by NABARD.

ii) Three nominees of the Government out of which one nominee will be an expert in the area of banking, economy, finance or management.

iii) Two professionals to be co-opted by the Board of Directors from amongst persons who have held eminent positions in the institutions of repute in the fields of Banking, Management, Economics or Finance.

iv) Registrar or his nominee.

v) One Director from every zone of 7 contiguous member PADBs shall be elected.

Provided that if after dividing the total number of members 08 PADBs by seven, the remainder PADBs, if any shall be included in the adjoining zones in such a way that no zone has more than eight members PADBs. However, if the number of remainder member PADBs is more than four, a separate zone shall be formed.

vi) Managing Director of the Bank.

Where this provision sits

ActBye Laws of SADB
Section29
Marginal noteThe Board or the State Board shall be constituted in the following manner
JurisdictionState of Punjab
StatusIn force as published by the source

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