Act Number: 62

Act Name: The State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act, 1982

Year: 1982

Enactment Date: 1982-11-06

Long Title: An Act to provide, in the public interest, for the acquisition of certain shares of the State Bank of Sikkim for the purpose of better consolidation and extension of banking facilities in the State of Sikkim and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 16: Delegation of powers.
    (1) The Central Government may, by notification, direct that all or any of the powers exercisable by it under this Act, other than the powers conferred by sections 17 and 18, may also be exercised by such person or persons as may be specified in the notification.
     (2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the direction, control and supervision of the Central Government.
Previous Section Next Section
Scroll to Top