20. POWERS OF THE EXECUTIVE COMMITTEE

In addition to the powers and duties that the Board may delegate to it, the Executive Committee shall exercise the following powers subject to such general directions as the Board may issue from time to time:

a)      To decide the manner in which the funds of the Federation shall be invested within the framework of the policy laid down by the Board.

b)      To consider the scales of pay and other allowances including T.A. of the members of the Staff and recommend the same to the Board.

c)      To supervise the maintenance of accounts and registers and books as prescribed by the Registrar.

d)      To approve the statement of receipts and payments of the Federation.

e)      To pass for payment the items of expenditure in individual cases for amounts exceeding the limit fixed for the Chairman.

f)        To select and depute representatives/candidates from among the members of the Board for participation in the regional, state, national and international conferences, seminars, workshops, study tours, training courses held in India and from among the members of the Federation’s staff, held abroad.

g)      To authorize the Chief Executive or the Officer appointed to work in his place to sign singly or jointly with any other officer of the Federation all deposits, receipts and operate on the accounts of the Federation with the banks.

h)      To authorize the Chief Executive or the Officer appointed to work in his place to endorse and transfer promissory notes and other securities and sign, encash cheque's and negotiable instruments on behalf of the Federation.

i)        To authorize the Chief Executive or the Officer appointed to work in his place to sign all bonds and agreements in favour of the Federation.

j)        To obtain loans, temporary accommodation, overdrafts etc. from the financing institutions, Central and/or State Governments and others on such terms and conditions as may be prescribed by them and authorise the Chief Executive and/or other officer of the Federation to execute on behalf of the Federation, bonds, agreements and other documents required for the purpose.

k)      To exercise such powers and functions as may be delegated by the Board.