Substitution of section 20.

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

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....t 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 Director, subject to the general control of the Chief Ex....