Amendment status not verified — confirm the current text below against the official source.
Powers and functions of the Executive Committee.- The Executive Committee shall have the following powers and perform the following functions, namely:- (i) It shall be competent to take decisions on behalf of the Council, subject to the concurrence of the Council in all matters with policy implications: Provided that in urgent circumstances the Executive Committee may take a decision subject to ratification by the Council; (ii) It shall incur such expenses as are necessary to fulfill the objectives set out in this Act and carry out all decisions taken by the Council; (iii) It shall present before the Council the annual academic and financial audit reports of the Council for its approval; 14 (iv) It shall have such other powers, functions and duties as may be prescribed.