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The Insurance Act, 1938

( ACT NO. IV Of 1938 )

Restriction on appointment of nominated director
48BBB. Notwithstanding anything contained in any other law for the time being in force or in the Articles of Association of any insurer, no person other than a member of the Board of Directors of an insurer shall act as a director:
 
 
 
 
Provided that where a director is absent from Bangladesh for a period exceeding three months, a person qualified to be a director may be nominated by him to act as director in his place with the prior intimation to the Chief Controller of Insurance.

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