(1) There shall be a Governing Body of the Council which shall be constituted by the Council from amongst the members in such manner as may be prescribed by regulations.
(2) The Governing Body shall be the executive committee of the Council and shall exercise such powers and discharge such functions as the Council may, by regulations made in this behalf, confer or impose upon it.
(3) The President shall be the Chairperson of the Governing Body and as Chairperson thereof shall exercise such powers and discharge such functions as may be prescribed by regulations.
Powers and functions of President Power and functions of theVice- President.
Allowances of members.
Meetings of Council Objects of Council.
Governing Body and other committees of Council.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 5
(4) The procedure to be followed by the Governing Body in the exercise of its powers and discharge of its functions and the term, of office of, and the manner of filling vacancies among the members of, the Governing Body, shall be such as may be prescribed by regulations.
(5) Subject to such control and restrictions as may be prescribed by rules, the Council may constitute as many standing committee and as many ad hoc committees as it thinks fit for exercising any power of discharging any function of the Council or for inquiring into, or reporting or advising upon, any matter which the Council may refer to them.
(6) The Chairperson and members of the Governing Body or a standing Committee or an ad hoc committee shall receive such allowances as may be prescribed by regulations.