RBI Issues Master Circular on ‘Board of Directors of Urban Cooperative Banks’
- Blog|News|FEMA & Banking|
- < 1 minute
- By Taxmann
- |
- Last Updated on 3 April, 2024
Latest from Taxmann
Master Circular No. RBI/2024-25/01 DoR.HGG.GOV. No. 1/02.01.001/2024-25; Dated: 01.04.2024
RBI has issued a Master Circular on ‘Board of Directors – UCBs’, consolidating all existing guidelines/instructions issued till date. The master circular discusses the Constitution of BODs of Urban Cooperative Banks (UCBs), the role of directors, board committees, and matters to be placed before the BODs. Further, it discusses norms related to donations to trusts and institutions where directors or their relatives hold positions or are interested and payment of fees and allowances to directors.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
