The Banking Regulation Act, 1949

Section 45V. References to directors, etc., shall be construed as including references to past directors, etc

In force · As amended up to 2026-08

45V. References to directors, etc., shall be construed as including references to past directors, etc. —For the removal of doubts it is hereby declared that any reference in this Part to a director, manager, liquidator, officer or auditor of a banking company shall be construed as including a reference to any past or present director, manager, liquidator, officer or auditor of the banking company.

Source: India Code