Section 10: Disqualifications of Directors and members of Local Boards

Q: What does Section 10 of The Reserve Bank of India Act, 1934 (RBI Act) deal with?

Section 10 RBI Act pertains to "Disqualifications of Directors and members of Local Boards". It is part of the The Reserve Bank of India Act, 1934, a legislation enacted by the Parliament of India. Section 10 of The Reserve Bank of India Act, 1934 (RBI Act) governs disqualifications of Directors and members of Local Boards. As verified on 22 May 2026.

Q: Is Section 10 RBI Act still in force?

Yes, Section 10 of the The Reserve Bank of India Act, 1934 is currently in force across the Republic of India.

Q: What is धारा 10 RBI Act?

धारा 10 RBI Act is the Devanagari Hindi reference for Section 10 of the The Reserve Bank of India Act, 1934. Section 10 of The Reserve Bank of India Act, 1934 (RBI Act) governs disqualifications of Directors and members of Local Boards. As verified on 22 May 2026.

Q: What is Dhara 10 RBI Act?

Dhara 10 RBI Act is the Roman Hindi reference for Section 10 of the The Reserve Bank of India Act, 1934. "Dhara" means "Section" in Hindi. Section 10 of The Reserve Bank of India Act, 1934 (RBI Act) governs disqualifications of Directors and members of Local Boards. As verified on 22 May 2026.

Q: How to cite Section 10 of The Reserve Bank of India Act, 1934?

Cite as: "Section 10, The Reserve Bank of India Act, 1934 (RBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Reserve Bank of India Act, 1934, 1934, § 10 (India).

Law on Tips Editorial Board

(1)

No person may be a Director or a member of a Local Board who—

(2)

No two persons who are partners of the same mercantile firm, or are Directors of the same private company, or one of whom is the general agent of or holds a power of procuration from the other, or from a mercantile firm of which the other is a partner, may be Directors or members of the same Local Board at the same time.

(3)

Nothing in clause (a), clause (d) or clause (e) of sub-section (l) shall apply to the Governor, or to a Deputy Governor or to the Director nominated under clause (d) of sub-section (1) of section 8.