(1) The Government may, by notification in the Gazette, constitute, with effect from such date as may be specified therein a Board to be called “the Kerala Coir worker’s Welfare Fund Board” for the administration of the fund and to supervise or carry out the activities financed from the fund.
(2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal and shall by the said name sue and be sued.
28[(3) The Board shall consist of fifteen Directors as may be appointed by the Government and they shall consist of,—
(i) five Directors representing coir workers and self employed persons;
(ii) one Director each representing Government in the Industries and Finance Departments ;
(iii) one Director representing Coir Board ;
(iv) Director of Coir Development ;
(v) Chief Executive Officer of the Board; and
(vi) five Directors representing exporters, dealers, employers, producers of coir products and Coir Co¬operative Societies registered or deemed to be registered under the Kerala Co-operative Societies Act, 1969 (21 of 1969).]
(4) One of the members of the Board shall be appointed by the Government to be its Chairman.
(5) The Government shall publish in the Gazette the names of all the Directors of the Board.
28 Substituted by Act 9 of 1998 (w.e.f. 30th September, 1997).
(6) The Board shall administer the fund vested in it in such manner as may be specified in the scheme.
(7) The Board may, with the previous approval of the Government, delegate to the Chairman or to any Director of the Board or to the Chief Executive Officer, such of its powers and functions under this Act or the scheme as it may consider necessary for the efficient administration of the fund, subject to such restrictions and conditions, if any, as it may specify.