Section 20. Powers of Executive Committee

20. Powers of Executive Committee. — (1) Subject to such general or special directions as the Board may from time to time give, the Executive Committee may deal with any matter within the competence of the Board. (2) The minutes of every meeting of the Executive Committee[6] [shall, after confirmation thereof at the next meeting of the Executive Committee, be laid] before the Board at the next following meeting of the Board. — 21. Advisory Committee. The Financial Corporation may appoint[7] [one or more committee or committees consisting wholly of directors or wholly of other persons or partly of directors and partly of other persons] for the purpose of assisting the Financial Corporation in the efficient discharge of its 1. Ins. by Act 39 of 2000, s. 13 (w.e.f. 5-9-2000). 2. Subs. by s. 14, ibid ., for section 18 (w.e.f. 5-9-2000). 3. Subs. by Act 6 of 1962, s. 9, for sub-section (4) (w.e.f. 16-4-1962). 4. Omitted by s. 15, ibid. (w.e.f. 5-9-2000). 5. The words ", not being the managing director" omitted by Act 43 of 1985, s. 12 (w.e.f. 21-8-1985). 6. Subs. by s. 13, ibid ., for "shall be laid" (w.e.f. 21-8-1985). 7. Subs. by s. 14, ibid ., for "one or more advisory committee or committees" (w.e.f. 21-8-1985). functions and, in particular, for the purpose of securing that those functions are exercised with due regard to the circumstances and conditions prevailing in, and the requirements of, particular areas or industries. 1 — [22. Offices and agencies. The Financial Corporation shall establish its head office and other offices and agencies at such places as the State Government may, from time to time specify and save as aforesaid, the Financial Corporation may establish additional offices or agencies in such other places within the State as it may consider necessary.]