Section 3, Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 [S1S-D7B]
As at 7 September 2026. In force from 12 April 1983.
3. Appointment of Commission.—(1) The Central Government may, by notification, appoint an authority, to be known as the Commission, to exercise the powers and perform the functions conferred on it by or under this Act. (2) The Commission may, with the previous approval of the Central Government, appoint such officers and other employees as it considers necessary for the efficient discharge of its functions under this Act. (3) The Central Government may, by notification, direct that any power exercisable by it under this Act, except the power to make rules under section 60, shall, in relation to such matters and subject to such conditions as may be specified in the notification, be exercisable also by the Commission.
Defined terms in this text (1)
Commission: Section 2, Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 [S1SD69] (In this Act, unless the context otherwise requires,—): "Commission" means the Commission established under section 3
Commission: 85 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 2, Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act, 1983 [S1S-D69], 12 April 1983, Band A. "section 3".
Not held (0)
none
Duties published under this section (0)
none