In the absence of Authorised Officer appointed for an acount whether another Authorised Officer can be appointed or allowed to initiate action under the Act ?
For any exigencies, if the appointed Authorised Officer is not able to complete the job, the concerned controller of the Bank can recommend for replacement of such Authorised Officer and the new Authorised Officer will be served the letter of appointment. However, no two or more Authorised Officers can act concurrently on a single A/c.
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