Company : Sol Infotech Pvt. Ltd. Website : www.courtkutchehry.com NATIONALIZED BANKS (MANAGEMENT AND MISCELLANEOUS PROVISIONS) SCHEME, 1970 CONTENTS CHAPTER 1 :- Introductory 1. Short title and commencement 2. Definitions CHAPTER 2 :- Board of Directors 3. Constitution of the Board 4. Manner of retirement of nominee director 5. Chairman 6. Managing Director 7. Same person may hold office as Chairman and Managing Director 8 . Term of office and remuneration of a whole-time director including Managing Director 9. Term of office of other director 10. Disqualification of directors 11. Vacation of office of director, etc 11A. Removal from office of an elected director 11B. Filling of vacancy in the office of an elected director 12. Meeting of the Board CHAPTER 3 :- Committees of the Board 13. Management Committee 14. Advisory Committees CHAPTER 4 :- . 15. Regional Consultative Committees for Nationalized Bunk CHAPTER 5 :- Miscellaneous 1 6 . Disqualification for membership of a committee constituted under Cl. 14 or a Regional Consultative Committee and vacation of office by a member 17. Remuneration and reimbursement of travelling expenses 18. Resolution without meeting the Board valid 19. Meeting of advisory committees constituted under Cl. 14 SCHEDULE 1 :- SCHEDULE 1. . 2. . 3. . 4. . 5. . 6. . 7. . 8. . 9. . SCHEDULE 2 :- THE SECOND SCHEDULE 1. . 2. . 2A. . 3. . 4. . 5. . NATIONALIZED BANKS (MANAGEMENT AND MISCELLANEOUS PROVISIONS) SCHEME, 1970 11. Published in the Gazette of India, Pt. II, Sec. 3(ii), dated 28th November,1970 S. O.3793, dated 16th November, 1970.-In exercise of the powers conferred by Sec. 9 of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 (5 of 1970), the Central Government, after consultation with the Reserve Bank, hereby makes the following scheme, namely: CHAPTER 1 Introductory 1. Short title and commencement :- 2. Definitions :- CHAPTER 2 Board of Directors 3. Constitution of the Board :- 4. Manner of retirement of nominee director :- 5. Chairman :- 6. Managing Director :- 7. Same person may hold office as Chairman and Managing Director :- 8. Term of office and remuneration of a whole-time director including Managing Director :- 9. Term of office of other director :- 10. Disqualification of directors :- 11. Vacation of office of director, etc :- 11A. Removal from office of an elected director :- 11B. Filling of vacancy in the office of an elected director :- 12. Meeting of the Board :- CHAPTER 3 Committees of the Board 13. Management Committee :- 14. Advisory Committees :- CHAPTER 4 . 15. Regional Consultative Committees for Nationalized Bunk :- CHAPTER 5 Miscellaneous 16. Disqualification for membership of a committee constituted under Cl. 14 or a Regional Consultative Committee and vacation of office by a member :- 17. Remuneration and reimbursement of travelling expenses :- 18. Resolution without meeting the Board valid :- 19. Meeting of advisory committees constituted under Cl. 14 :- SCHEDULE 1 SCHEDULE 1. . :- 2. . :- 3. . :- 4. . :- 5. . :- 6. . :- 7. . :- 8. . :- 9. . :- SCHEDULE 2 THE SECOND SCHEDULE 1. . :- 2. . :- 2A. . :- 3. . :- 4. . :- 5. . :-