Central Bank Act, 1989.
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Right of Bank to be represented at meetings, etc. |
50.—(1) An officer of the Bank, or any other person, duly authorised in writing in that behalf by the Governor of the Bank may attend any meeting of creditors of a holder or former holder of a licence. | |
(2) (a) The Governor of the Bank may appoint in writing an officer of the Bank or any other person to be a member of any committee of inspection appointed under section 233 or 268 of the Companies Act, 1963 , in respect of the holder or former holder of a licence. | ||
(b) A person duly appointed under paragraph (a) shall neither be counted in computing the minimum or maximum numbers of members of such a committee prescribed under the Companies Acts, 1963 to 1986, nor be removed from membership of the committee without the consent of the Bank. |