(1) The Trustee Committee may borrow, from t ime to t ime, any sum required for carrying out the purposes of this Act.
(2) The Trustee Committee shal l deposit a l l moneys and receipts forming part of the Fund in any scheduled bank or invest the same in loans to any corporat ion owned or control led by the Central Government or the State Government or in loans f loated by the Central Government or the State Government or in any other manner.
(3) Al l amounts due and payable under this Act and al l expenditures relat ing to the management and administrat ion of the fund shal l be paid out of the fund.
(4) The accounts of the Trustee Committee shal l be audited annual ly by a Chartered Accountant appointed by i t .
(5) As soon as the accounts of the Trustee Committee have been audited, the Trustee Committee shal l send a copy thereof together with a copy of the report of the Chartered Accountant and thereon to the State Government.
(6) The Trustee Committee shal l comply with such direct ions as the State Government may, after perusal of the audit report of the Chartered Accountant think f i t to issue.