The Fund Trustee and Advisory Commission shall have the following powers, namely: -
(a) to call for periodical reports from the Board;
(b) to call for any documents in possession of Board necessary for the discharge of its functions under this Act;
(c) to supervise the implementation of the conditions regarding creation of the securities by the Board for the purpose of raising funds;
(d) to carry out such acts, as are necessary, for the protection of interest of the holders of the securities issued by Board;
(e) to do all things necessary to resolve the grievances of the holders of the securities issued by the Board;
(f) to ascertain that the funds necessary to discharge the interest and principal amount payable in respect of the securities is available with the Board as stipulated under this Act;
(g) to ascertain that the funds so available with the Board are deployed in prudential investments;
(h) to direct the Chief Executive Officer to convene meetings of the Fund Trustee and Advisory Commission as many times, as it deems appropriate, in addition to the two meetings specified in sub-section (8) of section 6C:
Provided that the Chairperson shall issue such directions either on his own or at the request of at least two members.