Banking Regulation Act, 1949
45V. References to Directors, etc., shall be
construed as including references to past Directors, etc.
For the removal of doubts it is hereby
declared that any reference in this Part to a Director, Manager, Liquidator,
Officer or Auditor of a banking company shall be construed as including a
reference to any past or present Director, Manager, Liquidator, Officer or
Auditor of the banking company.