Procedure followed in Decision Making Process

[Section 4(1) (b) (iii)]

For any decision which has Administrative and Financial implications, the same are placed with the Board. The Board decision is final and binding. This decision acts as a directive for the functioning of GSIDC. The Managing Director takes up the decision of the Board of Directors for implementation and execution.

The TAC (Technical Advisory Committee) has been constituted as an extension to the Board. The technical issues which have an implication on the contract agreements are placed before the TAC. The TAC advises and suggests on these issues to the BOD (Board of Directors) thus facilitating the Board to take a suitable decision. The Chairman of the TAC is also a Director of the Board. This decision acts as a directive for the functioning of GSIDC. The Managing Director takes up the decision of the Board of Directors for implementation and execution.