Standing Finance Committee

There shall be constituted from amongst the members of the Board excluding the Chairman, a Standing Finance Committee to exercise such powers and perform such functions relating to finance of the Board as may be delegated by the Board in the prescribed manner. The proceedings of the meeting of the Committee shall be forwarded to the Government within fifteen days of every meeting. The Board may also delegate any further financial power to this Committee to expedite disposal of work subject to such conditions as it deems fit.