Section 14. Power and functions of the Executive Committee

The Executive Committee shall have the following powers and duties, namely, -

(i) It shall be competent to take decisions on behalf of the Council, subject to the concurrence of the council in all matters with policy implications:

Provided that in urgent circumstances the Executive Committee may take a decision subject to ratification by the Council;

(ii) It shall incur such expenses as are necessary to fulfill the objectives set out in this notification and carry out all decisions taken by the Council;

(iii) It shall present before the council the annual academic and financial audit reports of the Council for its approval; and

(iv) It shall have such other powers, functions and duties as may be prescribed.