Section 16Central Act
Section 16: Remuneration of directors.
1[16. Remuneration of directors.--The directors other than the managing director and not being servants of the Government shall be paid such fees as may be prescribed for attending meetings of the Board and, if they are members of the Executive Committee, or any other committee appointed by the Financial Corporation, for attending meetings of such committee.]
1. Subs. by Act 6 of 1962, s. 7, for section 16 (w.e.f. 16-4-1962).
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.