1. Board – The general superintendence, direction and management of the affairs and business of the Corporation vests with the Board of Directors, consisting of representatives of the State Government, SIDBI, Public Sector Banks, LIC, Insurance companies and other Institutions owned and controlled by Central Govt./State Govt. and other genuine share holders. The policies of the Corporation are executed by the Chairman & Managing Director aided by Executive Director and other officers of the Corporation
2. Executive Committee – The Executive Committee is constituted by the Board for discharging various functions as prescribed or delegated to it by the Board. It consists of :
- CMDOne whole time Director.Director from SIDBI
- One Director elected to represent the shareholders.
To redress the grievances of loanee units and to settle NPA accounts, the following Empowered Settlement Committees have been constituted :
3. State Level Committee (SLC)
1. |
CMD – RFC |
|
2. |
CMD/MD – RIICO |
|
3. |
Commissioner (Inds.) |
Member |
4. |
Secretary/Special Secretary (Finance) – Expenditure |
Member |
5. |
Representative of LIC |
Member |
6. |
General Manager, SIDBI |
Member |
7. |
General Manager (A/cs), RFC |
Member |
8. |
General Manager (D) |
Member (Secretary) |
|
Quorum |
Four |
(Senior most officer – CMD, RFC/RIICO will Chair the meeting of the Committee)Note : Executive Director, RFC may attend meetings of the Committee as Special invitee.
4. Special Head Office Level Committee (Spl. HOLC)
1. |
CMD-RFC |
Chairman |
2. |
Executive Director – RFC |
Convener |
3. |
Special Secretary –Inds,/Dy. Secretary – Inds. |
Member (Spl. Invitee) |
4. |
General Manager (D) |
Member Secretary |
5. |
General Manager (F&A) |
Member |
6. |
Dy. Gen. Manager (Law) |
Member |
7. |
Dy. Gen. Manager (Loans) |
Member |
|
Qurorum |
Four (including Special invitee) |
[Dy. Secretary (Inds.), Govt. of Rajasthan will be invited only when Special Secretary (Inds.), Govt. of Rajasthan is not available]
5. Head Office Level Committee (HOLC)
1. |
Executive Director |
Chairman |
2. |
General Manager (D) |
Member Secretary |
3. |
Financial Advisor-cum-Gen.Manager(Fin.) |
Member |
4. |
General Manager (A/cs.) |
Member |
5. |
Dy. Gen. Manager (Law) |
Member |
6. |
Dy. Gen. Manager(Loans) |
Member |
7. |
Dy. Gen. Manager (FR)/(ARRC) concerned |
Member |
|
Quorum |
Four |
Other DGM(s) may also be nominated by CMD from time to time.
6. District Level Committee (DLC)
1. |
Dy. Gen. Manger (Region) |
Chairman |
2. |
General Manager – DIC or his Nominee not below the rank of Assistant Director a(Inds.) |
Member |
3. |
Sr. Regional Manager/Regional Manager –RIICO or his nominee Not below the rank of Assistant Regional Manager |
Member
|
4. |
Concerned Branch Manager – RFC |
Member Convener |
|
Quorum |
Three |
|