Section 10D of The Banking Regulation Act, 1949: Provisions of sections 10-A and 10-B to override all other laws, contracts, etc.
Provisions of sections 10-A and 10-B to override all other laws, contracts, etc. – Any appointment or removal of a [director, chairman of the Board of directors who is appointed on a whole-time basis or a managing director] in pursuance of section 10-A or section 10-B [or section 10-BB] shall have effect and any such person shall not be entitled to claim any compensation for the loss or termination of office, notwithstanding anything contained in any law or in any contract, memorandum or articles of association.]
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