Section 11(4) in The Industrial Finance Corporation Act, 1948
(4)[ Directors shall be paid such fees as may be prescribed for attending the meetings of the Board and, if they are members of ] [Substituted by Act 66 of 1960, Section 4, for sub-S. (4). ][any Committee] [ Substituted by Act 74 of 1972, Section 5, for " the Central Committee or any other Committee" .][appointed by the Corporation, for attending meetings of such Committee:Provided that nothing in this sub-section shall apply to the Chairman] [Substituted by Act 66 of 1960, Section 4, for sub-S. (4). ] [, Managing Director] [ Inserted by Act 50 of 1986, Section 6 (w.e.f. 2.2.1987).][or to any other Director who is a servant of the Government ] [Substituted by Act 66 of 1960, Section 4, for sub-S. (4). ][or of the Development Bank] [ Inserted by Act 18 of 1964, Section 38 and Sch. II (w.e.f. 1.8.1964).].
