Section 37A(1)(b) in The National Bank For Agriculture And Rural Development (Amendment) Act ,2000
(b)is elected on the Board of such borrower by virtue of shares held in the borrower organisation by the Government, or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956 ) or by a corporation establised by any other law, by reason only of such nomination or election, as the case may be.