A bank or financial institution shall collect the following details of a Director: –
(a) Name, surname, address, academic qualifications, occupation and experience of its Director,
(b) Details as to the designation and responsibility if he/she has worked earlier as a Director, official or employee of any other entity,
(c) Details as to name and surname of the family of the Director and the relevant person’s details and financial interests of himself/herself or his/her family in a bank or financial institution or other entities, share ownership in his/her name and names of the family of the said institution,
(d) Details as to the shares and debentures subscribed by the Director or his/her family members in the bank or financial institution or its holding or subsidiary company,
(e) Details of the family members working as office bearer or employee in the bank or financial institution, if any,
(f) Details as to whether the concerned bank or financial institution has, or is going to have, any type of contract with himself/herself or his/her family member,
(g) Details as to whether there is any type of interests or concerns with regard to the appointment of the Chief Executive, Company Secretary and Auditor,
(h) Written authority given to the Rastra Bank to allow it to conduct an inquiry or to cause to be conducted the inquiry into the financial and professional background of the Director,
(i) Self-declaration that he/she is qualified to be a Director pursuant to this Act,
(j) Any other details as may be specified by Rastra Bank from time to time to be furnished before the Rastra Bank and the Board of Directors.