State Financial Corporations Act : Powers of Executive Committee. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Powers of Executive Committee.

20. Powers of Executive Committee. (1) Subject to such general or special directions as the Board may from time to time give, the Executive Committee may deal with any matter within the competence of the Board. ---------------------------------------------------------------------- 1. Ins. by Act 56 of 1956, s. 11. 2. Subs. by Act 6 of 1962, s. 9, for certain words (w.e.f. 16-4- 1962). 3. Subs. by Act 77 of 1972, s. 12, for certain words. 4. Subs. by Act 6 of 1962, s. 9, for sub-section (4) (w.e.f. 16-4- 1962). 5. Omitted by Act 43 of 1985, s. 12. 83 (2) The minutes of every meeting of the Executive Committee 1*["shall, after confirmation thereof at the next meeting of the Executive Committee, be laid"] before the Board at the next following meeting of the Board.