Section 12
The Functions, Powers And Duties Of The Committee
(1) It shall be the duty of the committee to exercise the powers and perform the duties entrusted to the Board and to perform all the activities to be so performed Subject to this Act and Rules and Bye-laws thereunder.
(2) It shall be the duty of the committee to perform other activities necessary for the achievement of the objectives of the Board in addition to the function, duties set-forth in Sub-section (1).