Section 9: Delegation of powers
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
9. Delegation of powers
Subject to such instructions and rules of a general nature as it may give
or make, the Board may delegate to the Chairperson or to the General Manager such of its powers under this Act as may be necessary to assist in the
effective management of the Corporation, other than the power to—
(a) borrow money;
(b) raise loans; or
(c) enter into any transaction in respect of capital expenditure which
exceeds 100,000 rupees.
S37 – 3 [Issue 9]
State Trading Corporation Act