(1)The Authority shall constitute a committee for recommending subscriber education, awareness and protection activities and for utilisation of the Fund for the purposes referred to in regulation 5.
(2) The committee shall consist of the following members, namely:—
(a) the Executive Director of the Authority who shall be the convener of the committee;
(b) two other officials of the Authority;
(c) five other members who have expertise in financial market and experience in matters of subscriber grievance redressal or subscriber education.
(3) (a) The term of office of the members referred in clause (c) of sub-regulation (2) of this regulation shall be two years, which may be extended for a further period of two years;
(b) any vacancies arising out of resignation, retirement or death of a member or for any other reason shall be filled by the Authority for the remaining period of the term of such member.
(4) The Authority may dissolve and reconstitute the committee if, at any time, the Authority is of the opinion that the committee is unable to discharge the functions and duties imposed on it by or under these regulations.
6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]