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[Cites 0, Cited by 1] [Section 36ACA] [Entire Act]

Union of India - Subsection

Section 36ACA(2) in The Banking Regulation Act, 1949

(2)The Reserve Bank may, on supersession of the Board of Directors of the banking company under sub-section (1) appoint in consultation with the Central Government for such period as it may determine, an Administrator (not being an officer of the Central Government or a State Government) who has experience in law, finance, banking, economics or accountancy.