Section 12
Powers and duties of directors and administrators. Repealed
The Shipping Development Fund Committee (Abolition) Act, 1986
About this Act
An Act to abolish the Shipping Development Fund Committee constituted under the Merchant Shipping Act, 1958 and to provide for certain matters incidental thereto.
Subject to the control of the Central
Government, the directors, or, as the case may be, the administrators appointed under section 10, shall
take such steps as may be necessary for the purpose of efficiently managing the business of the shipowner
and shall exercise such powers and discharge such duties as may be exercisable by persons in charge of
managing the said business.