Clause 14

The Authority may, in its discretion, appoint from among its own members or other persons who are not members such number of committees consisting of members or other persons or members and other persons for purposes which, in the opinion of the Authority, would be better regulated and managed by means of such committees.

The Authority may, subject to such conditions or restrictions as it may impose, delegate to any such committee or the Chairman or the chief executive one or more of the functions, duties and powers vested in the Authority by or under this Act or any other written law, except the power to borrow money; and any power, function or duty so delegated may be exercised or performed by such committee or the Chairman or the chief executive, as the case may be, in the name and on behalf of the Authority.

The Authority may, subject to such conditions or restrictions as it may impose, delegate to an employee thereof one or more of the Authority’s functions and duties vested in the Authority by or under this Act or any other written law, except the power to borrow money or to raise or grant loans or advances to or subscribe to stocks, shares, bonds or debentures of a company or corporation, and any power, function or duty so delegated may be exercised or performed by such employee in the name and on behalf of the Authority.

The Authority may exercise any power conferred or perform any function or duty imposed upon it by or under this Act or any other written law, notwithstanding the delegation of such power, function or duty under this section.