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.