(1) There shall be formed an executive committee comprising of the following members in order to carry out the day-to-day business of the Institute, under the direction of the Council:
(a) Chairperson -Chairperson
(b) Vice-chairperson -Vice-chairperson
(c) Two persons nominated by the Council from amongst
the councilors -Member
(d) Executive Director -Member-secretary
(2) The functions, duties and powers of the executive committee and the procedures of its meetings shall be as prescribed