Section 4
Section 4 of the principal Act is amended—
of Development Financial Institutions (Amendment) Act 2015
Amendment ActIn forceProvision 4 of 120
Section 4
(a)
in subsection (2), by inserting after the word “authorize”
the words “a Deputy Governor or”;
(b)
by inserting after subsection (2) the following subsection:
“(2a) The Bank may establish and authorize a committee consisting of members as the Bank may determine to perform any or all of its functions under this Act on behalf of and in the name of the Bank.”;
and
(c)
in subsection (3), by inserting after the words “any or all of its functions” the words “on behalf of and in the name of the Bank”.