Section 48 in The Orissa State Financial Corporation General Regulations, 2003
48. Chairman of General Meetings.
- (i) The chairman of the Board or, in his absence, the Managing Director or a Director authorised by the Chairman in writing in this behalf shall be the Chairman and in the event of the Chairman of the Board being not nominated or in default of such authorisation as aforesaid or in the absence of Managing Director so authorised, the meeting may elect any other Director present to be the Chairman of the meeting.(ii)The Chairman shall regulate the procedure at all General Meetings, and in particular, shall have full power to decide the order in which shareholders may address the meeting, to fix a time limit for speeches, to apply the closure when in his opinion any matter has been sufficiently discussed and to adjourn the meeting.
