The Board shall exercise the following powers and perform the following duties, namely:-
(a) maintain and manage the Mythic Society, Bangalore with a view to promote the study of Anthropology, Archaeology, Architecture, Art, Ethnology, Folklore, History, Mythology, Philosophy, Religion and other allied subjects ;
(b) provide for studies and research in the aforesaid ;
(c) help in producing and publishing books in order to facilitate the carrying out of the objects specified in clause (a) ;
(d) receive gifts, donations or benefactions from Government and receive bequests, donations and transfer of movable or immovable properties from trustees, donors, transferors, as the case may be ;
(e) deal with any property belonging to or vested in the Board in such manner as it may deem fit for advancing the objects specified in clauses (a) to (d) ;
(f) do all such things as may be necessary or incidental or conducive to the attainment of all or any of the objects specified in clauses (a) to (e).