State Financial Corporations Act : Management of Financial Corporations. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Management of Financial Corporations.

9. Management of Financial Corporations. The general superintendence, direction and management of the affairs and business of the Financial Corporation shall vest in a Board of directors which, with the assistance of an Executive Committee and a managing director may exercise all the powers and discharge all the functions which may be exercised or discharged by the Financial Corporation.