1*** The Central Board shall consist of the following, namely:

4[(b) such number of managing directors not exceeding four, as may be appointed by the Central Government in consultation with the Reserve Bank;] 5*****

8[(ca) one director, from among the employees of the State Bank, who are workmen, to be appointed by the Central Government in the manner provided in the rules made under this Act;

(cb) one director, from among such of the employees of the State Bank, as are not workmen, to be appointed by the Central Government in the manner provided in the rules made under this Act];

10[(f) one director, possessing necessary expertise and experience in matters relating to regulation or supervision of commercial banks to be nominated by the Central Government on the recommendation of the Reserve Bank.] 1. The brackets and figure "(1)" omitted by Act 3 of 1994, s. 8 (w.e.f. 15-10-1993). 2. Certain words omitted by Act 73 of 1976, s. 4 (w.e.f. 11-6-1976). 3. The words "and a vice-chairman " omitted by Act 27 of 2010, s. 10 (w.e.f. 15-9-2010). 4. Subs. by s. 10, ibid., for clause (b) (w.e.f. 15-9-2010). 5. Omitted by s. 10, ibid. (w.e.f. 15-9-2010). 6. Subs. by Act 32 of 2007, s. 7, for ''Reserve Bank'' (w.e.f. 29-6-2007). 7. Subs. by Act 3 of 1994, s. 8, for ''Principal register'' (w.e.f. 15-10-1993). 8. Ins. by Act 48 of 1973, s. 3 (w.e.f. 1-7-1974). 9. The words ''in consultation with the Reserve Bank'' omitted by Act 27 of 2010, s. 10 (w.e.f. 15-9-2010). 10. Subs. by s. 10, ibid., for clause (f) (w.e.f. 15-9-2010).