Section 30:
Remuneration of directors.
A director of a subsidiary bank shall be paid for attending the
meetings of the Board of Directors or of any of its committees and for attending to any other business
of the subsidiary bank such fees and allowances as may be prescribed:
Provided that no fees shall be payable to the chairman of the State Bank 1[or the managing
director of the subsidiary bank] or any other director who is a wholetime officer of the Central
Government or the Reserve Bank or the State Bank.
Notes:
1. Ins. by, s. 25, ibid. (w.e.f. 1-7-1974).