Cop. 10:32
hiErroNnr- Psnce Al.iD RscowcnJArroN ComussroN
No, lIl20L7
(a)
the Commission consisted of fewer than tlre minimum number of persons
(b)
a
prescribed in paragraph T(6); or
disqualified person acted
as a
Member at the tirne the decision was taken
or act was done or authorised:
Provided that the Commission shall ratify any such decision or action as
soon as possible after it becomes aware that the decision or action was taken in the
circumstances described in subparagraph (a) or (b).
Minutes of proceedings of Contmission
12. (1) The Commission shall cause minutes of all proceedings of and decisions
taken at every meeting of the Commission to be entered in books kept for the purpose.
(2) Any minutes referred to in subparagraph (1) which purprt to be signed
by the person presiding at the meeting to which the minutes relate or by the person
presiding atthe next following meetingof the Commissionorthe committee concerned,
as tlre case may be, shall be accepted for all purposes as prima facie evidence of the
proceedings of and decisions taken at the meeting concerned.
hecution of contracts and instrunrcnts by Contmission
13. Any agreement, contract or instrument approved by the Commission may
be entered into or executed on behalf of the Commission by any persons generally or
spcially authorised by the Commission for that purpose.
SECOND SCIIEDULE (Section 3(2XdD
Ar.lcnr-qny Powms or Col,ncssroN
1.
To acquire premises necessary or convenient for the exercise of its functions and
for that purpose to buy, take on lease or in exchange, hire or otherwise acquire
immovable property and any interest therein and any rights concessions, grants,
powers and privileges in respect thereof.
2.
To buy take in exchange, hire or otherwise acquire movable property necessary
or convenient for the exercise of its fuuctions.
3.
To maintain, alter or improve property acquired by it.
4.
To mortgage any assets, or part of any assets and, withthe approval of the Minister,
to sell, exchange, lease, dispose of turn to account or otherwise deal with any
assets or part ofany assets which are not required for the exercise ofits functions
for such consideration as it nray determine.
5.
To open bank accounts in the name of the Comrnission and to draw, make, accept,
endorse, discount, execute and issue for the purposes ofits functions, promissory
notes, bills ofexclrange, securities and other negotiable ortransferable instruments.
6.
To insure against losses, damages, risks and liabilities which it may incur.
7.
In consultation with the Minister, to establish and administer such funds and
reserves not specifically provided for in this Act as the Commission considers
appropriate or necessary for the proper exercise of its functions.
8.
To pay such remuteration and allowances and grant such leave of atrsence and to
rnake such gifts, bonuses and the like to staff of the Commission as it considers fit.
9.
To provide pecuniary benefits for staff of the Commission on their retirernent,
resignation, discharge or other termination of service or in the event of their
sickness or injury and for their dependants, and for that purpose to effect policies
of insurance, provident funds or make such other provision as may be necessary
to secure for its staffand their dependants any or all ofthe pecuniary benefits to
which the provisions of this paragraph relate.
199
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