Substitution of section 20.

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....33. For section 20 of the principal Act, the following section shall be substituted, namely:- Chief Executive and Managing Directors. "20. (1) The Chief Executive shall, subject to t....

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....d upon him by the Board: Provided that the Board may also empower the Chief Executive to entrust or delegate such of his duties and powers, as it may deem fit. (3) Every Managing Dir....