Section 55 in Orissa State Financial Corporation General Regulations, 1957
55. Delegation of power during vacancies.
- In the event of there being a vacancy in the office of the Managing Director, his powers and duties under these Regulations shall, till such time as the vacancy lasts, for the purposes of Regulation 38 and 56 be exercisable by the Chairman and in all other cases by such Director including the Chairman or officer of the Corporation as the Board may appoint in this behalf.
