Powers, duties and Rights of executive committee

(1) The affairs of the fund shall be carried on and managed by the executive committee who shall exercise such power and authority of the fund as may be necessary and prudent for its smooth conduct consistent with the stated aims and objects. (2) All properties, moveable and immovable or of any kind of the fund shall stand vested in the executive committee. (3) Without prejudice to the generality of the forgoing provisions, the executive committee shall have following powers:- (i) acquire by gift, donations, grants, exchange, lease lands, buildings or other immovable properties together with all rights appertaining thereto; (ii) to manage the properties of the fund; (iii) to raise funds for the fund through gifts, donations, grants etc; (iv) to receive monies, securities, instruments and /or any other movable properties for and on behalf of the fund; (v) to issue receipts, to sign and execute instruments and to endorse or discount cheque or other negotiable instrument through its accredited agents; (vi) to, make sign and execute such documents and instruments as may be necessary and proper for carrying out the management of the property and affairs of the fund; (vii) to manage, transfer, dispose of any, movable or immovable property of the fund; (viii) to prescribe powers, functions and duties of the office bearers; (ix) to appoint an auditor or auditors for auditing the accounts of the fund; (x) to engage, from time to time, such and as many persons and on such terms and conditions, as may be fit for carrying out the affairs of the fund for conduction studies, investigations, researches, training and other activities undertaken by the fund; (xi) to exercise control and super ordination over the staff of Fund; (xii) the executive committee shall have the power to make bye laws in respect of the following matter:- (a) management of properties, funds, affairs and works of the fund; (b) procedure for convening and conduction of the meetings of the executive committee and such other bodies as may be set up from time to time; (c) such other purpose as may be found necessary.