Section 32
Appointment of another person for discharging the duties of managing director during his absence. Repealed
The State Bank of India (Subsidiary Banks) Act, 1959
About this Act
An Act to provide for the formation of certain Government or Government associated banks as subsidiaries of the State Bank of India and for the constitution, management and control of the subsidiary banks so formed, and for matters connected therewith, or incidental thereto.
If the 1
[managing directo]r of a subsidiary bank is rendered incapable of discharging
his duties by reason of infirmity or otherwise or is absent on leave or otherwise in circumstances not
involving the vacation of his office, the State Bank may appoint another person to officiate for the
1
[managing director] until the date on which the 1
[managing director] resumes duty.
Notes
1. Subs. by Act 48 of 1973, s. 21, for "general manager" (w.e.f. 1-7-1974).