Section Provisions
THE BANK OF PUNJAB ACT, 1989 THE BANK OF PUNJAB ACT, 1989 10. Constitution of the Board. (1) The Board shall consist of the following Directors, namely:-- (a) the Managing Director appointed by the Government under Section 11; (b) four Directors elected in special meeting by the shareholders for a term of three years; and (c) six Directors appointed by the Government:; Provided that a Director under clause (b), shall not be eligible to seek election after a second consecutive term without a break of one term. (2) The Chairman of the Board shall be appointed by the Government from amongst the Directors.