Life Insurance Corporation Act : Managing Directors. Indian Bare Acts :

Life Insurance Corporation Act,1956

Act No : 31

Section : Managing Directors.

20. Managing Directors. The Corporation may appoint one or more persons to be the Managing Director or Directors of the Corporation, and every Managing Director shall be a whole-time officer of the Corporation, and shall exercise such powers and perform such duties as may be entrusted or delegated to him by the Executive Committee or the Corporation.