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POWERS AND DUTIES OF THE EXECUTIVE COMMITTEE

66).      Ordinarily the Executive Committee shall have the following powers and duties:

(i).       To carry out all the rules, aims and objects of the Chamber.

(ii).      To look after and manage all the property; movable and immovable held by the Chamber.

(iii).     To acquire, obtain, utilize and enjoy privileges, concessions, benefits and rights extended to registered / recognized Chambers.

(iv).     To approve and to keep regular record of the activities of the Chamber.

(v).      To appoint, suspend or dismiss any paid employee of the Chamber and to determine the terms and conditions of Employment of the employees.

(vi).     To cooperate with other persons or persons or Chambers in the interest of the Chamber.

(vii).    To settle differences of opinion between members and to hear appeals whenever such appeals come to the Executive Committee under these Articles.

(viii).   To recommend to the General Body to close enrollment or to change conditions for new enrollment.

(ix).     To convene meetings of the General Body and to place proposals relating to the common problems of the Chamber.

(x).       To issue instructions and directions, to members of the Chamber.

(xi).     To interpret these Articles.

(xii).    To fill any vacancy occurring among its members provided that a vacancy in the office of the President shall be filled by the General Body in its General Meetings.

(xiii).   To incur all expenses necessary for the carrying out of its functions.

AND GENERALLY to decide all questions of policy affecting the Chamber.

67).      The Executive Committee shall keep or cause to be kept proper books of accounts in which shall be entered full, true and complete account of the affairs and transactions of the Chamber whether at the head Office or the circle offices, specially the following:

            (a).       Minutes Book for meetings of the General Body.

            (b).      Minutes Book for Meetings of the Executive Committee.

            (c).       Register of Members.

(d).      A register of members of the Executive Committee showing the names and addresses and all changes made therein from time to time.

68).      Every member shall be entitled to inspect the account books and other documents which shall be kept at office of the Chamber to such an extent as the Executive Committee may from time to time determine.  The Committee or the President or Vice-President shall have power to refuse inspection of any documents which at the time may be confidential and whose disclosure in its or his opinion is likely to prejudice the interests of the Chamber.  Reasons for such refusal may be given in writing and the aggrieved party may appeal to the Executive Committee whose decision in the matter shall be final.

ANNUAL GENERAL MEETING

 69).      An Annual General Meeting shall be held every year at such place and time as the Executive Committee may consider convenient at which a Report of the proceedings of the previous year and the audited yearly accounts shall be sent to the members in advance.  The first General Meeting shall be held not less than one month, or more than three months after the incorporation of the Chamber.

70).      Accounting year of the Chamber will be closed on the 30^th June every year and its financial statements duly audited by a chartered accountant alongwith a list of members as on the 30^th June shall be furnished by the Chamber to the Regulatory Authorities, on or before the 31^st day of December every year.

EXTRA ORDINARY GENERAL MEETING

71).      The Executive Committee whenever it may deem fit may convene a Extra Ordinary Meeting either for the purpose of transacting any Special business or for placing before the members review of the activities in the preceding months.

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