Mutual Banks Act, 1993 (Act No. 124 of 1993)Chapter II : Administration of Act3. Delegation of powers and assignment of duties by Registrar |
| (1) | The Registrar may with the approval of the Reserve Bank— |
| (a) | delegate to any officer or employee of the Reserve Bank any power conferred upon the Registrar by or under this Act; or |
| (b) | authorise any such officer or employee to perform any duty assigned to the Registrar by or under this Act. |
| (2) | Any delegation under subsection (1)(a) shall not prevent the exercise of the relevant power by the Authority. |
[Section 3(2) substituted by section 290, item 4 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]