Section 4 in The Industrial Development Bank Of India General Regulations, 1994
4. Powers of the Executive Committee
.-(1) The Executive Committee shall have full powers to transact all the usual business of the Development Bank except in such matters as are specifically reserved to the Board under the Act or any regulations made thereunder.(2)In the exercise of its powers, the Executive Committee shall be bound by such general or special directions as the Board may give from time to time.
