Section 6C: Oversight body for SRBs

6C. Oversight body for SRBs.— The Federal Government shall, by notification in the official Gazette, appoint an oversight body for the SRBs mentioned in clause 2 of Schedule IV which shall exercise and perform the following powers and functions with respect to their respective SRB; namely:― (a) make regulations for the SRB with respect to the provisions of this Act; (b) monitor and oversee the SRB in accordance with the provisions of this Act; (c) impose sanctions, to the extent and in the manner as may be prescribed, upon their respective SRB who fails to comply with any provision of this Act and any rules or regulations made thereunder; and (d) exercise any other powers and perform any other functions as may be notified by the Federal Government in the official Gazette.]

Effective date: 2010-03-27

Amendment history

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