(1) In addition to and without derogation of the powers conferred on the Board under the Act, Rules and the Scheme, the Board shall have the following powers and shall be responsible for,—-
(a) dealing with all matters connected with the administration of the fund as specified in the Scheme or Schemes.
(b) laying down general policies regarding welfare of the headload workers.
(c) the submission of annual budget of the Board to Government for approval;
(d) the submission of annual report to Government on the working of the Schemes;
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(e) the annual audit of accounts of the fund in accordance with Government instructions;
(f) the collection of contribution from the Headload Workers and local committees and remittance thereof to the respective funds including such other charges under the Scheme or Schemes;
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(g) the proper maintenance of account and speedy settlement of claims;
(h) the sanction of advances and timely recovery of the advances.
(2) The Board shall render necessary advice to Government on the general welfare of the headload workers and shall furnish information on such matters as the Government may refer to it from time to time.
(3) The Board may, from time to time, subject to such conditions as itmay deem fit, delegate its administrative and financial powers to any officer under its control or superintendence to the extent considered necessary by it for the administration of the Scheme or Schemes.
(4) The Board shall also specify the powers and duties of the officers of the Committee constituted under Section 18 and delegate such administrative and financial powers to them from time to time, subject to the limits and conditions, as it may deem fit]