Chapter II
ESTABLISHMENT, INCORPORATION, CAPITAL AND MANAGEMENT
9. [* * *]
(2) [The general superintendence] and direction of the affairs and business of the Bank shall be entrusted to a Board of Directors which may exercise all the powers and do all acts and things that may be exercised or done by the Bank [:
Provided that until the first Board is constituted, the Governor may exercise all powers and do all acts and things as are required to be exercised or done by the Board.]
[(3) The Board shall consist of-
(a) the Governor;
(b) a Deputy Governors, to be nominated by the Government;
(c) [four Directors who will not be Government officials] to be nominated by the Government from amongst persons who, in the opinion of the Government, have had experience and shown capacity in the field of banking, trade, commerce, industry or agriculture.
(d) three Government Officials to be nominated by the Government.]
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Ministry of Law, Justice and Parliamentary Affairs