Amendment status not verified — confirm the current text below against the official source.
(1) The functions of the Executive Commit- shal] be to execute the decision of the Board and to take such urgent and emergency decisions as may be necessary in anticipation of approval of the Board. * 5 (2) The Board may entrust the responsibility for successful furtherance of different industries to the members of the Executive Committee individually, who in turn shall formulate schemes and make suita ble recommendations for development of industries in their respective charge, for consideration by the Exe cutive Committee. Powers and jgp. Without prejudice to anything contained in functions of ge c t| o n g a jK j 12 of this Act, the functions of the uar'c^Cora-* Standing Finance Committee shall be :— mittee. (?) to render expert financial advice to the Board for proper administration of the Board’s fund including its proper utilization ; (if) to scrutinize and to give its comments and expert advice on the following matters, namely: - (a) all annual and supplementary budgets of the Board ; (b) all new schemes of the Board ; (c) anv proposal for entertainment of the mem bers of the staff of the Board that may be necessary after the commencement of the Assam Khadi and Village Industries Board (Amendment) Act, 1960 ; and (d) any other financial matter which the Board may, by general or special order, direct to be referred to the Standing Finance Commit tee for its scrutiny, comment and expert advice.” Amendment