(i) to prepare and submit to the Executive Council with its recommendations the annual, revised or supplementary budget estimate of the annual accounts of income and expenditure of the Board;
(ii) to make recommendations to the Executive Council on matters relating to finances of the Board including investments and borrowings etc.;
(iii) to examine every proposal of new expenditures and to advise the Executive Council thereon;
(iv) to review and report periodically to the Executive Council on the financial position of the Board;
(v) generally to devise means for effecting economy, without impairing efficiency;
(vi) to consider proposals for fixation of pay scales for new posts and revision of pay scales and all proposals concerning allowances, remunerations, wages and honoraria and advise the Executive Council thereon.
408 The Examination Committee
29. The Examination Committee shall consist of -
(i) the Chairman of the Board as the ex-officio Chairman;
(ii) five members to be nominated by the Chairman of the Board from amongst the ex-officio members referred to in clause (i) of subsection (1) of section 13;
(iii) one member to be nominated by the Chairman of the Board from amongst the nominated members referred to in clause (ii) of subsection (1) of section 13;
Duties and functions of the Examination Committee