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<h1>Delegation of statutory powers to Regional Directors allows local exercise subject to central government revocation and oversight.</h1> Delegation of statutory authority to specified Regional Directors authorises those offices to exercise the Central Government's functions under sub section (2) of section 66 of the Companies Act, 2013 by virtue of the power conferred under section 458, subject to the Central Government's power to revoke the delegation or itself exercise the powers; the notification takes effect from its Gazette publication and records a later substitution altering the list of Regional Directors.