19. Executive Committee
19. Executive Committee.---(1) The Board may constitute an Executive Committee of the Board, consisting of---
(i)
the Chief Executive;
(ii)
Managing Directors;
(iii)
the director referred to in clause (d) of sub-section (2) of section 4; and
(iv)
four directors nominated by the Board from amongst the directors referred to in clauses (e), (f) and (g) of sub-section (2) of section 4.
(2)
The Executive Committee of the Board shall exercise such powers as the Board may entrust to it.
Amendment notes (1)
- 1Subs w.e.f. 30-6-2021 Subs. by Act 13 of 2021, s. 132, for s. 19 (w.e.f. 30-6-2021).