Provisions of sections 10A and 10B to override all other laws, contracts, etc

Q: When did Section 10D of the Banking Regulation Act come into force?

Section 10D of the Banking Regulation Act, cited as Banking Regulation Act 1949 10D, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.

In force From 16 Mar 1949 Act 10 of 1949 As on 18 Oct 2026

Act 10 of 1949 Ministry Finance Enacted 10 Mar 1949 In force 16 Mar 1949

Section 10D of the Banking Regulation Act, 1949 deals with provisions of sections 10A and 10B to override all other laws, contracts, etc. Any appointment or removal of a [director, chairman of the Board of directors who is appointed on a whole-time basis or managing director] in pursuance of section 10A or section 10B [or section 10BB] shall have effect and any such person shall not be entitled to claim any compensation for the loss o The Act came into force on 16 Mar 1949.

Any appointment or removal of a ¹[director, chairman of the Board of directors who is appointed on a whole-time basis or managing director] in pursuance of section 10A or section 10B ²[or section 10BB] shall have effect and any such person shall not be entitled to claim any compensation for the loss or termination of office, notwithstanding anything contained in any law or in any contract, memorandum or articles of association.]
Section 10D, The Banking Regulation Act, 1949 (Act 10 of 1949).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

Questions about Section 10D

What does Section 10D of the Banking Regulation Act deal with?

Section 10D of the Banking Regulation Act is headed "Provisions of sections 10A and 10B to override all other laws, contracts, etc". Any appointment or removal of a [director, chairman of the Board of directors who is appointed on a whole-time basis or managing director] in pursuance of section 10A or section 10B [or section 10BB] shall have effect and any such person shall not be entitled to claim any compensation for the loss o

How do I find court cases under Section 10D of the Banking Regulation Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 10D, section 10D Banking Regulation Act 1949, section 10D of the Banking Regulation Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 10D of the Banking Regulation Act, and has it changed?

Its own text turns on section 10A (Board of directors to include persons with professional or other experience), section 10B (Banking company to be managed by whole time chairman), section 10BB (Power of Reserve Bank to appoint chairman of the Board of directors appointed on a whole-time basis or a managing director of a banking company), so none of them can safely be read on its own.

When did Section 10D of the Banking Regulation Act come into force?

Section 10D of the Banking Regulation Act, cited as Banking Regulation Act 1949 10D, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.