ANNEXURE - III

POWER OF EXECUTIVE DIRECTOR

6. The Board may from time to time entrust to and confer upon the Chairman/Executive Director; Directors, General Managers or Managers and Financial Adviser and Chief Officer, for the time being such of the powers exercisable under these Articles by the Board of Directors as it may think fit and may confer such powers for such time and to be exercised for such objects and purpose and upon such terms and conditions and with such powers either collaterally with or to the exclusion of and in substitution for all or any of the powers of the Directors in that behalf, and may from time to time, revoke, withdraw, alter or vary all or any of such powers.

13. Members of the Board shall be entitled to remuneration and/or out of pocket traveling expenses for attending Board meetings or any of its committees as admissible under the relevant Govt. order.

FUNCTIONS OF THE BOARD

14. The powers of the Board shall include but not limited to the following:

1. To administer the general affairs of the Centre;

2. To determine what work shall be undertaken and to arrange for the conduct of such work;

3. To receive and deal with reports and recommendations of the Committee of Administration;

4. To arrange for the publication of reports and other documents issued by the Centre;

5. To collaborate in kindred activities with other organisations in India and foreign countries and with international organisations working in the field;

6. To control the finances of the Centre;

7. To control the staff of the Centre;

8. To do all such other lawful acts as would be conductive to the interest of the Centre;

9. From time to time to make, alter, vary and repeal all such rules, bye-laws and regulations as may be deemed necessary or expedient for the proper conduct and management of the Centre; and

10. Any matter dealt with/by the Committee of Administration of which the Chairman deems it necessary to be brought before the board for decision or review.

APPOINTMENT OF EXECUTIVE DIRECTOR, COMPANY SECRETARY, OFFICERS, AND OTHER STAFF

CHAIRMAN

30.    The chairman of the Centre shall ordinarily be the part-time Chairman of the Board and shall be overall responsible for the proper functioning of the Centre. He may, however, associate any other member to the Chairman of any committee or Sub-committee.

31.    There shall be a full time Executive Director of the Centre who shall be under the control and direction of the Centre’s BOARD and shall be in overall charge of the administration of the Centre and all officers of the Centre including the Company Secretary shall be under his supervision and control. The Executive Director shall be principally responsible for Trade and Commerce Information Services.

32.    The  Company  Secretary  shall have charge of all correspondence and shall keep an account of the funds of the Centre and funds connected with and in any way controlled by the Centre. He shall keep accurate minutes of  all meetings of the Board and of the Committees. He shall take proper care of all assets belonging to the Centre. He shall give notice of all meetings of the Centre or the Committees. He shall duly notify members of their appointment, shall countersign all cheques signed by the Chairman or by any member or members of the Committee or any other officer(s) duly authorised in this behalf and shall collect all money due to the Centre. He shall prepare an Annual Report of the Centre and generally perform all such functions as are incidental to his office and as may be assigned to him by the Executive Director, from time to time.

33.    The officers of the Centre including the Company Secretary shall devote themselves entirely to such business and  affairs  of   the   Centre  as may be assigned to them by the Executive Director.

34.   The Committee of Administration, in respect of all employees of the Centre, may make Rules to regulate conditions of Service including inter alia;

i) Recruitment,  Promotion  and Retirement;

ii) Discipline,  including  suspension, removal dismissal, appeals, etc;

iii) Grant of pay and allowances, leave retirement, voluntary retirement and terminal benefits;

iv) Travelling  allowances  on  tour/ transfer; and

v) The establishment and maintenance of a Provident Fund and other funds for the welfare of the employees. Provided that the grant of leave and allowances to Government servants whose services have been lent or transferred to the Centre shall be decided with the previous approval of the Government competent to sanction his transfer to the services of the Centre.