The State Financial Corporations (Amendment) Act,2000
Section 11. Amendment of section 14
In section 14 of the principal Act, for sub-sections (1) and (1A), the following sub-section shall be substituted, namely:-
“(1) Any director elected under clause (d) of section 10 may, by giving notice in writing to the Chairman of the Board, resign from his office and on such resignation being accepted, shall be deemed to have vacated his office.”
