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of <h1>Ministry of Corporate Affairs Clarifies Prosecution Guidelines for Nominee Directors Representing Financial Institutions on Company Boards.</h1> The circular from the Ministry of Corporate Affairs, dated July 14, 2011, addresses the prosecution of directors, particularly nominee directors representing Public Financial Institutions, Financial Institutions, and banks on company boards. It references a previous circular from March 25, 2011, stating that these nominee directors should be treated in the same manner as outlined in paragraph 2 of the earlier circular. The directive is communicated to all Regional Directors, Registrars of Companies, and Official Liquidators for implementation.
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