ANNEXURE - IV
18.
The Board shall delegate such functions as it deems fit for the administration
and management of the affairs of the Centre to the Committee of Administration
under the Chairmanship of the Chairman of the Board and consisting of the other
members as follows:
1. Executive Director;
2. Two Members of the
Board nominated by the Chairman of the Board from among 12 (iii) to 12(vii).
19. The Committee of Administration except the Chairman and Executive Director shall retire at every Annual General Meeting of the Centre. The period of one year mentioned in the clause 12A shall end on the date on which the Annual General Meeting for Financial Year ought to have been held.
20.
A) Any vacancy in the Committee of Administration of members other
than those of Chairman and Executive Director shall be filled up by the Board by
nomination provided that when the vacancy is for a period of less than six
months, the Board may decide not to fill up the vacancy provided that the number
of vacancies, so left unfilled does not exceed one.
B)
If a member of the Committee desires to go out of India for a period
exceeding three months at any one time, he shall intimate to the Company
Secretary the date of his expected return to India and shall obtain the leave of
the Committee. The Committee may fill up a temporary vacancy so caused by
co-opting another member from amongst the members of the Board for the period.
21. The Committee of Administration shall meet at such times, as they
may deem advisable, and may make such regulations, as they think proper, as to
the summoning and holding of the meetings of the Committee, and for the
transaction of business at such meetings. The record of their proceedings shall
be open for examination to the Board.
22. If at any meeting of the Committee of Administration, the Chairman
is absent, the members present at the meeting shall elect from among themselves
any one member to be the Chairman of that meeting.
23.
A) No business of the company shall be transacted at any general meeting unless
a quorum of members is present at the time when the meeting proceeds to
business.
B) Save as herein otherwise provided, two members present in person one
of whom will be a representative of the President shall be a quorum.
24.
Each member of the Committee shall have one vote and in the event
of any equality of votes the Chairman shall have a casting vote, in addition to
his own vote.
25. The Board shall be the Managing Body of the Centre and in addition to the powers and authorities by statute or by these Articles expressly conferred upon them may exercise all such powers and do all such acts and things as shall be by statute or by these Articles of Association directed or authorised to be done by the Centre in General meeting but subject nevertheless as to such acts and things as are not regulated by Statute or by these Articles of Association to such regulations or directions as may, from time to time be determined upon or given at any Annual General Meeting or Extraordinary General Meeting of the Centre provided that no such regulation or direction shall invalidate any prior act of the Committee which would have been valid if the regulation or direction had not been made or given.
26.
Members of the Committee of Administration shall not be entitled to
any remuneration except out of pocket/traveling expenses and sitting fee etc.
for attending Committee of Administration meetings as admissible under Article
13.
27.
Subject to the provisions of Section 292 of the Act, the Board may from time to
time, constitute and reconstitute sub-committees for the purpose of
consideration and reporting on any affairs of the Centre or carrying on or
promoting any objects of the Centre.