Section 19A
Standing Finance Committees.
The Khadi and Village Industries Commission Act, 1956
About this Act
An Act to provide for the establishment of a Commission for the development of Khadi and Village Industries and for matters connected therewith.
1[19A. Standing Finance Committees.--(1) There shall be constituted from among the members
of the Commission in the prescribed manner, a Standing Finance Committee in respect of each of the
2[three funds] referred to in section 18.
3[Provided that the Chief Executive Officer and Financial Adviser shall be ex officio members of the Standing Finance Committee in respect of each of the three separate funds referred to in sub-section (1) of section 18,].
(2) The Standing Finance Committee shall exercise such of the powers of the Commission under section 19 as are delegated to it by the Commission.]
3[Provided that the Chief Executive Officer and Financial Adviser shall be ex officio members of the Standing Finance Committee in respect of each of the three separate funds referred to in sub-section (1) of section 18,].
(2) The Standing Finance Committee shall exercise such of the powers of the Commission under section 19 as are delegated to it by the Commission.]
Notes
1. Ins. by Act 32 of 1961, s. 11 (w.e.f. 28-8-1961).
2. Subs. by Act 12 of 1987, s. 12, for "two funds" (w.e.f. 1-4-1988).
3. The proviso ins. by Act 10 of 2006, s. 11 (w.e.f. 15-5-2006).
2. Subs. by Act 12 of 1987, s. 12, for "two funds" (w.e.f. 1-4-1988).
3. The proviso ins. by Act 10 of 2006, s. 11 (w.e.f. 15-5-2006).