Section 20Central Act

Section 20: Powers of Executive Committee.

The State Financial Corporations Act, 1951

(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.

(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.

1. Subs. by s. 13, ibid., for "shall be laid" (w.e.f. 21-8-1985).

Sec 19 — Meetings of the Board and Committee.

Sec 21 — Advisory Committee.

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