Question
What are the maximum number of times the Performance
Review Committee shall make the review in every financial year?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 ü adherence to applicable laws, ü transparency and best practices of governance while making regulations and ü 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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