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Section 24
Details of directors to be obtained
The bank or financial institution shall obtain the following details of the director:- (a) Name, surname, address, educational qualification, profession and experience of the director, (b) If he has worked as a director, officer or employee of any other body, Description of position and responsibility mentioned, (c) Director's family name, surname and details of related persons and his and his family's financial interests in banks or financial institutions and other bodies, share ownership of the said institution in the name of himself and his family, (d) Director or Details of shares or debentures held by his family in a bank or financial institution or its main or subsidiary company, (e) If any member of the family is working as an official or employee in a bank or financial institution, details of the same, (f) any of his family members with the bank or financial institution. If the member has entered into or is about to enter into any kind of agreement, (g) details of any interest or concern regarding the appointment of the executive head, company secretary and auditor, (h) to investigate or conduct an investigation regarding the financial and professional background of the director or such information and Written authorization given to the National Bank to exchange information, (j) Self-declaration that he is qualified to be a director in accordance with this Act, (j) Other details specified by the National Bank from time to time that the National Bank and the Board of Directors must be informed.