Bank of Bombay Act, 1840, 3 of 1840 (Rep., Bom. Act 10 of 1863)

Section XXI. And it is hereby enacted, that the presence of at least three Directors shall be necessary to form a

Repealed or not in force · As amended up to 2026-08

XXI. And it is hereby enacted, that the presence of at least three Directors shall be necessary to form a Board for the transaction of business, and the said Directors shall establish a weekly rotation among themselves, so that not less than nothing herein contained shall be held to preclude any Director from attending any Meeting of Directors.

Source: India Code