Section 9
Exemption from disqualification
of Development Financial Institutions Act 2002
ActIn forceProvision 11 of 248
Section 9
(1)
A person who is disqualified by virtue of paragraph 7(1)(e)
may, with the written consent of the prescribed institution in which he is holding office or is to be appointed, apply to the Bank in writing to exempt him from that paragraph, and, the Bank may, with the
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concurrence of the Minister, grant such exemption, subject to such conditions as the Bank considers fit to impose.
(2)
The person applying for an exemption under subsection (1) and the prescribed institution in which he is holding office or is to be appointed shall submit such particulars and information as the Bank may specify.