Question

Answer each of these questions in about fifteen words:

What are the responsibilities of governing body?

Answer 1

The governing body is responsible for policy formulation and proper functioning of the exchange, having wide range of powers:

1. Elect the office bearers and set up committees
2.  Interpret rules, regulations and by-laws
3. Admit and expel members
4. Adjudicate disputes
5.  Manage the properties and finance of the exchange
6.  Conduct the affairs of the exchange.