(1) The Board may constitute one or more executive committees consisting of Committees such number of Directors as may be provided by the regulations' for discharging such of the Board.
functions as,may be delegated to it: by the Board.
(2) The Board may constitute such other committees, whether consisting wholly of directors or wholly of other persons, as thinks fit, for such purposes, related to the activities of the Nigam, as in may decide. '
(3) The members of a Committee other than, the Directors of the Nigam, shall be paid by the Nigam such fees and/or allowances for attending! its meeting and far attending 'to any other work of the Nigam as may be provided by regulations.
16. A Director of the Nigam or a member of a Committee who has any direct or Member cri ~ , indirect pecuniary interest :in any matter coming up for consideration at a meeting of the Board or Com-if~-, , . . , . mrttee thereof"'1' ,'''>Poardor a committee thereof, shall disclose the nature of IDS' interest .at such meeting and not to particieg ate or the disclosure shall be recorded in the minutes of the Board or of 'the Committees, as the pate ort vote , b th dir b hall ak . d liberati 111 eel' aincase may e, and e ector or mem er s not t e any pan ill any e 1 eration or cases, decision of the Board or the Committee with respect to that matter except to furnish such d condi- ' clarification as may be required of him.
he State Ilowance -emrnent or from oable or I nvolving t erson to , "t ..
'ees a::-J ~ Bo-ard ::;h rules ided by absence lirectors