In force · As amended up to 2026-08
22. Disqualifications for directorship of Central Board or membership of Local Boards or Committees. —(1) No person shall be qualified to be a director of the Central Board or a member of a Local Board or of a Local Committee if—
(a) he holds the office of director, provisional director, promoter, agent or manager of any banking company already established or advertised as about to be established; or
(b) he is a salaried officer of Government not specially authorised by the Central Government to be a director or member; or
(c) he has been removed or dismissed from the service of Government on a charge of corruption or bribery; or
(d) he holds any office of profit under the State Bank other than the office of chairman, 6* 7[managing director 8[ 9[Chief General Manager], or legal or technical adviser]]; or
1. Sub-section (2) omitted by Act 3 of 1994, s. 11 (w.e.f. 15-10-1993).
2. Ins. by Act 66 of 1988, s. 13 (w.e.f. 8-7-1992).
3. Subs. by Act 27 of 2010, s. 14, for section 21B (w.e.f. 15-9-2010).
4. Ins. by Act 35 of 1964, s. 6 (w.e.f. 1-12-1964).
5. Subs. by Act 27 of 2010, s. 15, for sub-section (2) (w.e.f. 15-9-2010).
Source: India Code