The Karnataka Labour Welfare Fund Rules, 1968.State Rules of Karnataka · 1965
The Board may-
(a) dispose of by sale or exchange, any moveable property belonging to the Board, the value of which does not exceed ten thousand rupees in each case, or grant for any term not exceeding 12 months a lease of any immoveable property belonging to the Board.
(b) with the sanction of the State Government, lease, sell or otherwise dispose of other moveable or immoveable property belonging to the Board.