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Section 12: Delegation

Small And Medium Enterprises Development Authority Act · PART III: MANAGEMENT OF AUTHORITY

consolidated text (as at 2016). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

12. Delegation (1) The Board may, subject to such instructions as it may give, delegate to the Managing Director such of its powers and functions as may be necessary for the effective management of the day-to-day business and activities of the Authority, other than the power to— (a) sell or exchange any property or make any donation; (b) borrow money; or (c) enter into any contract which exceeds the prescribed amount applicable to the Authority under the Public Procurement Act. (2) The Managing Director may, with the approval of the Board, delegate his powers and functions to such officer as may be designated by him.

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