abhishreshthaa
Abhijeet S
The central government has the complete right to make rules to give effect to the provisions of the K.V.I.C act in particular, such rules may provide for all or any of the following matter;
a) The manner of filling casual vacancies among the members of the Commission and the terms and conditions of service of the Chairman, the Chief Executive Officer, the Financial Adviser and other members of the Commission including the salary and allowances to be paid to them and the traveling and daily allowances to be drawn by them when they are on tour.
b) The powers to be exercised and functions to be discharged by the Chief Executive Officer.
c) The financial matters in respect of which the Financial Adviser shall be in-charge.
d) The transaction of business at the meetings of the Board.
e) The procedure to be followed in removing a member who is or becomes subject to any disqualification.
f) The constitution of the Standing Finance Committees
g) The date by which, and the form in which, the budget shall be prepared and submitted in each year.
h) The procedure to be followed for placing the Commission in possession of funds.
i) The procedure to be followed and the conditions to be observed in borrowing moneys or in granting loans.
j) The conditions subject to which, and the mode in which, contracts may be entered into by or on behalf of the Commission.
k) The form and manner in which the accounts of the Commission have to be maintained.
l) The form and manner in which the returns, reports or statements have to be submitted.
a) The manner of filling casual vacancies among the members of the Commission and the terms and conditions of service of the Chairman, the Chief Executive Officer, the Financial Adviser and other members of the Commission including the salary and allowances to be paid to them and the traveling and daily allowances to be drawn by them when they are on tour.
b) The powers to be exercised and functions to be discharged by the Chief Executive Officer.
c) The financial matters in respect of which the Financial Adviser shall be in-charge.
d) The transaction of business at the meetings of the Board.
e) The procedure to be followed in removing a member who is or becomes subject to any disqualification.
f) The constitution of the Standing Finance Committees
g) The date by which, and the form in which, the budget shall be prepared and submitted in each year.
h) The procedure to be followed for placing the Commission in possession of funds.
i) The procedure to be followed and the conditions to be observed in borrowing moneys or in granting loans.
j) The conditions subject to which, and the mode in which, contracts may be entered into by or on behalf of the Commission.
k) The form and manner in which the accounts of the Commission have to be maintained.
l) The form and manner in which the returns, reports or statements have to be submitted.