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Section 7 - National Bank for Financing Infrastructure and Development Act, 2021
7. Management.-
(1) The general superintendence, direction and management of the affairs and business of the Institution shall vest in the Board which shall exercise all powers and do all acts and things which may be exercised or be done by the Institution.
(2) Subject to the provisions of this Act, the Board in discharging its functions shall act on business principles.
Related Sections
- Section 33: Rules and regulations to be laid before Parliament
- Section 2: Definitions
- Section 46: Power to remove difficulties
- Section 9: Term of office and other terms and conditions of service of Chairperson and other directors of Board
- Section 42: Section 34A and 36AD of the Banking Regulation Act, 1949 to apply to Institution
Related Acts
- National Bank for Agriculture and Rural Development (Amendment) Act, 2017
- National Commission for Indian System of Medicine Act, 2020
- Insolvency and Bankruptcy Code (Amendment) Act, 2017
- Goods and Services Tax (Compensation to States) Act, 2017
- Institute of Teaching and Research in Ayurveda Act, 2020
* Only for reference.