Rule 10. Nomination of a substitute during the absence of a Member

(1) If a member is unable to attend any meeting of the Board or any Committee thereof, he may, by a written instrument, signed by him, addressed to the Chairperson of the Board and explaining the reasons for his inability to attend the meeting, appoint any representative of the organisation, which he represents in the Board or any Committee thereof, as his substitute for attending that meeting of the Board or any Committee thereof in his place:

Provided that no such appointment shall be valid unless, -(i) the instrument making such appointment has been received by the Chairperson of the Board before the date fixed for the meeting;

(ii) such appointment has been approved by the Chairperson of the Board, and

(2) A substitute validly appointed under sub-rule (1) shall have all the rights and powers of a member, in relation to the meeting of the body concerned, in respect of which he is appointed and shall receive allowances, and be under obligations as if he were a member appointed under the Code.

(3) The member appointing a substitute for attending any meeting of the Board or any Committee thereof, shall, notwithstanding anything contained in this sub-rule, continue to be liable for the misappropriation or misapplication of the Fund by the substitute and shall also be liable for any Act of misfeasance or non-feasance committed in relation to the Fund by the substitute appointed by him.