law: Export-Import Bank of India Act, 1981
  7. Committees.-
  1.  
  
    The
  
  Board may constitute such Committees whether consisting wholly of directors or
  
  wholly of other persons or partly of directors and partly of other persons for
  
  such purpose or purposes as it may think fit.
  2.  
  
    Any
  
  Committee constituted under sub-section (1) shall meet at such times and places
  
  and shall observe such rules of procedure in regard to the transaction of
  
  business at its meetings as may be prescribed.