The Board shall determine the royalties payable to the owner of the copyright under sub-section (4) of section 31 B. The Copyright Board may while determining royalty shall take into consideration the fo:!owing:-
(a) the proposed price at which a copy of such work shall be made available to disabled persons;
(b) the prevailing standards of royalties in regard to such works taking into consideration; (c) the cost involved in making the accessible formats for the disabled person; and
(d) such other matters as may be considered relevant by the Copyright Board.