Amendment status not verified — confirm the current text below against the official source.
The Secretary of the Committee shall exercise and perform following powers and duties in addition to such other powers and duties as may be specified in this Act, or the rules or byelaws made lhereunder, namely:- (l) To convene the meetings ot the Committee and the Sub-Committees, if any, and maintain minutes of the meetings thereof. (ll) To attend the meetings ofthe Committee and Sub- Committee and take part in the discussion. (lll) To take steps to give effect to the resolution of the Committee and of lhe Sub-Committee and report all actions taken in pursuance of such resolution to the Committee in the next meeting. (lV) To prepare the annual budget proposal of the Committee. (V) To furnish to the Committee such returns, statement, estimates, statistics and reports as the Commiltee may lrom time lo time, require including following information :- (a) The fines and penalties imposed on and any disciplinary action laken againstthe members or the staff and the market functionaries and others. (b) Overtrading by traders. (c) Regarding contravention oltheAct, the rules, the bye-laws or the standing orders, if any, by any person. (d) Regardlng the suspension or cancellation of licence by the Managing Director ol the Board. (e) Regarding the admrnistration of the Committee and the regulation of the marketing. 93 (Vl) Produce before the Committee books, registers and olher documenls as may be necessary for the transaction of the business of the Committee or the Sub-Committee, and also whenever called upon by the Committee to do so. (Vll) Exercise supervision and control over the acts ol all oflicers and servants ol the Committee. (Vlll) Collect fees and other money leviable by or due to the Committee. (lX) Be responsible for all money credited to or received on behalf of the Committee. (X) Make disbursement of all money lawfully payable by the Committee. (Xl) Operate, Maintain and transact the Committee fund. (Xll) Report to the l\.4anaging Director of the Board, as soon as possible, in respect of fraud, embezzlement, theft or shortage of Commlttee fund or property ; and (Xlll) Prefer complaints in respect ol prosecutions to be launched on behalf of the Committee and conduct proceedings, Civil or criminal on behalf of the Committee. CHAPTER - V FINANCE, ACCOUNTS AND AUDIT OF THE BOARD AND THE COMMITTEE