Section 9: Managements.

The State Financial Corporations Act, 1951Central Act · Act 63 of 1951

[9. Management.-- (1) The general superintendence, direction and management of affairs and business of the Financial Corporation shall vest in a Board of directors which may exercise all powers and do all such acts and things, as may be exercised or done by the Financial Corporation and are not by this Act expressly directed or required to be done by the Financial Corporation in general meeting.

(2) The Board may direct that any power exercisable by it under this Act shall also be exercisable in such cases and subject to such conditions, if any, as may be specified by it, by the chairman, managing director or the whole-time director.]

Where this provision sits

Act	The State Financial Corporations Act, 1951
Section	9
Marginal note	Managements.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 39 of 2000. . Subs. by Act 39 of 2000, s. 7, for sections 5 to 10 (w.e.f. 5-9-2000).

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