State Financial Corporations Act, 1951
21. Advisory Committee
The Financial Corporation may appoint 2[one or more committee or
committees consisting wholly of Directors or wholly of other persons or partly
of Directors and partly of other persons] for the purpose of assisting the
Financial Corporation in the efficient discharge of its functions and, in
particular, for the purpose of securing that those functions are exercised with
due regard to the circumstances and conditions prevailing in, and the
requirements of, particular areas or industries.