Question
Who shall constitute the Performance Review
Committee?Solution
Performance Review Committee • Constituted by the Authority • Consist of at least 2 members of the Authority • Reviews the functioning of Authority in relation to adherence to applicable laws, transparency and best practices of governance while making regulations and risk management in a reasonable manner • The Performance Review Committee shall make the review at least once in every financial year, and submit a report of its findings to the Authority which shall forward a copy thereof along with action taken, if any, pursuant to such report to the Central Government within a period of three months from the date of receipt of the report.
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