State Bank of India (Subsidiary Banks) Act : Appointment of another person for discharging the duties

State Bank of India (Subsidiary Banks) Act,1959

Act No : 38

Section : Appointment of another person for discharging the duties of managingdirector during his absence.

32. Appointment of another person for discharging the duties of managing director during his absence.- If the 1*[managing director] of a subsidiary bank is rendered incapable of discharging his duties by reason of infirmity or otherwise or is absent on leave or otherwise in circumstances not involving the vacation of his office, the State Bank may appoint another person to officiate for the 1*[managing director] until the date on which the 1*[managing director] resumes duty.