law: National Bank for Agriculture and Rural Development Act, 1981 
  14. Advisory
  
  Council.-
  1.     
  
    The
  
  Board may constitute an Advisory Council consisting of such number of directors
  
  and such other persons who, in the opinion of the Board, have special knowledge
  
  of agriculture, agricultural credit, co-operation and rural economics,
  
  small-scale industries, village and cottage industries and handicrafts and
  
  other rural crafts or have special knowledge and appreciation of the country's
  
  overall developmental policies and in particular overall monetary and credit
  
  policies, which is considered by the Board as useful to the National Bank.
  2.     
  
    The
  
  Advisory Council shall advise the National Bank in such matters as may be
  
  referred to the Advisory Council by the National Bank and may discharge such
  
  other functions as may be entrusted or delegated to the Advisory Council by the
  
  National Bank.
  3.     
  
    A
  
  member of the Advisory Council shall hold office for such term not exceeding
  
  five years as the National Bank may fix, and receive such fees and allowances
  
  as may be prescribed for attending the meetings of the Advisory Council and for
  
  attending to any other work of the National Bank.
  4.     
  
    The
  
  Advisory Council shall meet at such times and places and shall observe such
  
  rules of procedure in regard to transaction of business at its meetings as may
  
  be prescribed.