Organisation, functions and duties - The Cotton Corporation of India ...

MANUAL I ORGANISATION, FUNCTIONS AND DUTIES
of India in view of the fact that the President of India is the shareholder, the
appointment of the Directors and the terms and conditions of appointment are
regulated by the President under the articles of association of the Corporation. The
nominated Directors normally hold office at the discretion of the Government
appointing them. The Directors of the Corporation are appointed by the President and
they hold office at the discretion of the President. The Board of Cotton Corporation
of India includes the Managing Director, Functional Directors and part time Directors
as well as non-official directors. The Articles of Association of the Corporation
provide the maximum and minimum of directors, depending upon the activities of the
undertaking. As per Article 88 (1) of the Articles of Association of the Corporation,
maximum numbers of Directors are 12 and minimum are 4. One Chief Vigilance
Officer is appointed by Government of India on deputation. Through various
resolutions and decisions of the Board, following functionaries are responsible for
day-to-day affairs of the Corporation;
i) Chairman Cum Managing Director:
He functions under the control and supervision of the Board of Directors, enjoys
the delegated powers of the Board for day-to-day management and affairs of the
Corporation.
ii) Director (Finance):
He heads the Finance and Accounts Division of the Corporation and also various
other sections like Secretariat, Internal Audit, Administration, C&F, Estate and
supervision over Finance and Accounts activities of all Branch Offices.
iii) Director (Marketing):
He is responsible for organising, supervision and control of all the field operations
relating to procurement of kapas and sale of cotton, through the network of
Branch Offices including supervision over sections like Purchase, Sales.
iv) Chief Vigilance Officer:
He heads the Vigilance division at Head office and a network of Vigilance Officers
posted at various Branch Offices.
The two Directors and Chief Vigilance Officer report directly to the Managing
Director of the Corporation.
Apart from various sections at Corporate Office level, the core activities of
marketing of cotton are carried out through a network of Branch offices located in
various cotton growing states as also in states having cluster of textile mills located
there. The Organizational Chart of the Corporation is appended here under:
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