Membership of board of trustees of Unit Trust of India and State Bank of India should be treated as directorship of a body corporate

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....26-8-1964 Circular Dated:- 26-8-1964 Circular<br>Companies Law<br>Letter : No. 8/48/2(13)/64&#8209;PR, dated 26&#8209;8&#8209;1964. Subject:- Membership of board of trustees of Unit Trust of India ....

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....corporate for the purposes of section 303. The position stated above will also hold good in case of directors on the Central Board of Directors of the State Bank of India. Members of the local board o....