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Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part III : Association of Collective Investment Schemes

30. Delegation of functions of executive committee

 

An executive committee of an association may, subject to such conditions as it may determine, delegate or assign any power or duty conferred upon or imposed upon it under this Act to a subcommittee or a person designated by it but is not divested or relieved of a power or duty so delegated or assigned.