(1) The Commission shall constitute, by a resolution, the following Standing Finance Committees:
(i) Standing Finance Committee (Khadi)
(ii) Standing Finance Committee (Village Industries)
(iii) Standing Finance Committee (General and Miscellaneous)
(2) Each Committee shall consist of a Chairman, three members from among the members of the Commission appointed in accordance with clauses (a), (b) and (ba) of sub-section (2) of section 4 of the Act, the Chief Executive Officer and the Financial Adviser of the Commission.
(3) The Chairman or, in his absence, any member chosen by the members present, from among themselves, excepting the ex-officio members, shall preside over the meetings of the Committee.
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(4) Each Committee shall, taking into account the recommendation of the Chief Executive Officer in this behalf, appoint one of the officers of the Commission to perform the duties of its Secretary.
CHAPTERIIJ POWERS OF THE CHAIRMAN ANDCHIEF EXECUTIVE OFFICER JO. Powers of the Chairman.- (I) The Chairman shall preside over the meetings of the Commission.
(a) cause the important papers and matters to be presented to the Commission as early as practicable; and
(b) issue directions as to the method of carrying out the decisions of the Commission.
(2) Subject to such delegation, as may be made under the Act or the rules made thereunder, the Chairman shall, -
(i) convening of meetings of the Commission under the direction of the Chairman; .
(ii) drawing up agenda for each meeting under the Chairman's directions and supplying the same to each member of the Commission along with the notice of the meeting; and
(iii) maintenance of the minutes of the meeting of the Commission J 1.Duties and Powers of the Chief Executive Officer in regard to Meetings of the Commission- (1) In addition to the duties and powers specified in the Act, the Chief' Executive Officer shall discharge such duties and exercise such powers as may be assigned and delegated to him by. the Commission for the purposes of the Act and these rules, including the following duties and powers:
(2) The Chief Executive Officer shall keep a record of the members of the Commission and their addresses. If a member changes his address, he shall communicate his new address to the Chief Executive Officer who shall thereupon enter his new address in the record. If the member fails to communicate his new address, the address on the official record shall for all purposes be deemed to be the member's address.
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