Section 5 in The Science and Engineering Research Board Act, 2008

Title: Oversight Committee of Experts

Description: (1) Subject to the rules made in this behalf, the Board shall constitute an Oversight Committee of Experts consisting of experts, eminent scientists and academics to advise and assist the Board. (2) The Oversight Committee shall consist of the following persons, namely:-- (i) a scientist of eminence and international repute--Chairperson; (ii) Secretary to the Government of India in the Department of Science and Technology, ex officio--Vice-Chairperson; (iii) Presidents of Indian National Science Academy, Indian Academy of Sciences and Indian National Academy of Engineering, ex officio--Members; (iv) not more than three members to be appointed by the Central Government from amongst distinguished experts in different areas of science and technology; and (v) Secretary to the Board, ex officio--Member.

Title: Committees of Board

Description: (1) Subject to the rules made in this behalf, the Board may appoint such committees as may be necessary for the efficient discharge of its duties and performance of its functions under this Act. (2) The Board shall have the power to co-opt as members of any committee appointed under sub-section (1), such number of persons who are not members of the Board as it may think fit, and the person so co-opted shall have the right to attend the meetings of the committee, and take part in the proceedings of the committee.

Title: Powers and functions of Board.

Description: (1) The Board shall serve as a premier multi-disciplinary research funding agency for planning, promoting and funding basic research in the emerging areas of science and engineering. (2) The powers and functions of the Board shall, inter alia, include— (i) serving as a premier multi-disciplinary research agency for planning, promoting and funding of internationally competitive research in emerging areas; (ii) considering and taking decisions on the recommendations and suggestions made by the Oversight Committee; (iii) identifying major inter-disciplinary research areas, and individuals, groups or institutions and funding them for undertaking research; (iv) evolving nationally coordinated programmes in various identified areas involving institutions that will have a multiplier effect in promoting research; (v) assisting in setting up infrastructure and environment for scientific pursuit; (vi) achieving synergy between academic institutions, research and development laboratories and industry for promoting basic research in science and engineering; (vii) evolving a management system to speedily provide for funding research, including monitoring and evaluation, by adopting modern management practices; (viii) evolving participation in international collaborative projects, wherever necessary or desirable; and (ix) taking over and continuance of the basic research projects and programmes undertaken or funded by the Central Government under the existing Science and Engineering Research Council scheme. (3) The Board may provide financial assistance for the purposes specified in sub-section (2), in the form of grants and loans to individuals, academic institutions, research and development laboratories, industries and other organisations.

Title: Application for availing of financial assistance.

Description: (1) An application for availing of financial assistance for the purposes specified in sub-section (1) of section 7 shall be made to the Board in such form as may be prescribed. (2) The Board may, after examining the application and after making such enquiries or seeking such clarifications as it considers necessary, by order in writing, either sanction the financial assistance or refuse the same.

Title: Grants and loans by Central Government.

Description: The Central Government may, after due appropriation made by Parliament by law, in this behalf, make to the Board grants and loans of such sums of money as that Government may consider necessary.

The Science and Engineering Research Board Act, 2008