Function of the Chairman [Rule 4] 1. Deal with the day to day administration of affairs 2. Shall take all policy decisions of administrative nature in consultation 3. Monitoring the performance and activities of Commissions Divisions and other administration.
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Chairman: Means the Chairman of the Board i.e Securities and Exchange Policy Board
Board: Means the Securities and Exchange Policy Board Limine: In the first hearing, act immediately 4 Dispose: To settle or decide a matter
o The Chairman shall call meeting within seven days of receipt o The Chairman shall also a meeting on the request of the Commission forthwith or within reasonable time. o At least seven days notice shall be given to all members. Provided, in case of urgency, meeting may be called at shorter notice. Preside: Chairman. If he is not present, Members shall choose a Member. Decision Making: o Opinion of Majority shall prevail. Dissenting statement by a Member may be recorded separately. o Chairman shall have a casting vote if members are divided. Minutes & Proceedings. o Fair and accurate summary shall be entered in properly maintained books along with name of participants. o Book containing minutes shall have Subject Index o Draft minutes shall be circulated to members for confirmation and their observations within seven days of conclusion of meeting. o Finalized minutes shall be placed before the next meeting for confirmation. o Proceedings shall be signed and dated by the Chairman or in his absence by the Member presiding. Resolution of Matters o Decision taken shall be circulated to the Commission and others concerned o The Chairman may authorize an emergent matter to be disposed of through a resolution by Circulation, signed by all the members and in case of absence of any member by at least five members