New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    No person shall be a director of the Board constituted

    under the Exim Bank Act, who____________
    A Is, or at any time has been, adjudged insolvent Correct Answer Incorrect Answer
    B Has been, for any reason, removed from the Board Correct Answer Incorrect Answer
    C Is of unsound mind and has been so declared by a competent court Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    Section 9. Disqualifications: No person shall be a director of the Board who: • is, or at any time has been, adjudged insolvent, or • is of unsound mind and has been so declared by a competent court, or • is, or has been, convicted of an offence which, in the opinion of the Central Government, involves moral turpitude, or • has, in the opinion of the Central Government, so abused his position as a director, as to render his continuance on the Board detrimental to the interests of the general public, or •  has been, for any reason, removed from the Board.

    Practice Next