On the appointed day any person who immediately before that day was holding office as a Director of the Central Board otherwise than as Governor or Deputy Governor or as a member of a Local Board of the Bank shall vacate his office, and the Central Board and the Local Boards of the Bank shall thereafter be constituted in the manner prescribed by sections 8 and 9 of the principal Act as amended by this Act.
Section 4: Vacation of office by existing office bearers.
The Reserve Bank (Transfer to Public Ownership) Act, 1948Central Act · Act 62 of 1948
Where this provision sits
| Act | The Reserve Bank (Transfer to Public Ownership) Act, 1948 |
|---|---|
| Section | 4 |
| Marginal note | Vacation of office by existing office bearers. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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