Laws and Bare Acts of India at

MyNation Foundation Online Law Library

Section 18 – The State Financial Corporation Act,1951

<h2The State Financial Corporation Act,1951

Section 18. Executive Committee

(1) The Executive Committee shall consist of the managing director who shall be the Chairman of the Committee, and three other directors, chosen as follows:-

(a) Two directors elected by the nominated directors, one from among the directors nominated by the State Government, and one from among the directors nominated by the Reserve Bank and the Industrial Finance Corporation of India established under the Industrial Finance Corporation Act,1948 (XV of 1948;

(b) One direction elected by the elected directors.

(2) A director elected to be a member of the Executive committee shall hold office as such for the rest of his term of office as director.

Previous | Next

The State Financial Corporation Act,1951

Indian Laws – Bare Acts


Leave a Reply

Your email address will not be published.

Copyright © 2022 Laws and Bare Acts of India at

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation