The National Bank for Agriculture and Rural Development Act

Management

Board of Directors

Term of office of Chairman and other directors, retirement and payment of fees

Term of office of Managing Director and whole-time directors, conditions of service, etc

Disqualifications

Vacation and resignation of office by directors

Casual vacancy in the office of Managing Director

Meetings of Board

Committees of National Bank

Advisory Council

Member of Board or Committee thereof not to participate in meetings in certain cases


MANAGEMENT OF THE NATIONAL BANK


If the Managing Director is by infirmity
or otherwise rendered incapable of carrying out his duties or is absent on leave or otherwise, in
circumstances not involving the vacation of his appointment, the Central Government may, after
consultation with the Reserve Bank and the Board, appoint another person to act in his place as Managing
Director during his absence.


LAWGIST

# 11 Casual vacancy in the office of Managing Director