Section 14 in The Kalakshetra Foundation Act, 1993

Title: Governing Board to be the supreme authority of Foundation

Description: (1) The Governing Board shall be the supreme authority of the Foundation and the general superintendence, direction and management of the affairs of the Foundation shall vest in the Governing Board. (2) The Governing Board shall exercise such powers and discharge such functions as may be prescribed.

Title: Academic Committee

Description: (1) The Academic Committee shall consist of— (a) the Director; (b) the Heads of the constituent units; (c) three distinguished persons in the field of art and culture including dance, music, folk arts and crafts, to be nominated by the Central Government; and (d) one person to be nominated by the State Government, representing the Department of Education of that Government. (2) The tenure of office and other terms and conditions of the members of the Academic Committee shall be such as may be specified by regulations. (3) The Academic Committee shall observe such procedure in regard to the transaction of its business at its meetings (including the quorum at the meetings) as may be specified by regulations.

Title: Powers and functions of Academic Committee

Description: The Academic Committee shall be responsible for the maintenance of standards of education, training and examination conducted by the constituent units and shall exercise such other powers and perform such other functions as may be assigned to it, from time to time, by the Governing Board.

Title: Finance Committee

Description: (1) The Finance Committee shall consist of— (a) the Financial Adviser to the Government of India or his nominee in the Ministry of the Central Government dealing with culture; (b) an officer of the Central Government, not below the rank of a Deputy Secretary, to be nominated by that Government; (c) an officer of the State Government not below the rank of a Deputy Secretary, to be nominated by that Government, representing the Department of Finance of that Government; and (d) the Director. (2) The Finance Committee shall observe such procedure in regard to the transaction of the business at its meetings as may be specified by regulations.

Title: Powers and functions of Finance Committee

Description: The Finance Committee shall— (i) scrutinise the annual statement of accounts and budget estimates of the Foundation prepared by the Director and make recommendations to the Governing Board; (ii) prescribe the limits of the recurring and non-recurring expenditure of the Foundation for each financial year; (iii) review the financial position of the Foundation from time to time and have an internal audit conducted; and (iv) perform such other functions as may be prescribed.