( 1) The non-official members of the Trustee Committee shall be eligible to get such travelling allowance and daily allowance as may be prescribed.
(2) Official members shall draw their travelling and daily allowance as admissible to them by Virtue of their office in the Government.
(3) The travelling and daily allowance so payable to the members shall be paid out of the fund.
12 Funds, borrowing and investments. - ( 1) The Trustee Committee may borrow; from t ime to t ime; any sum required for carrying out the purposes of this Act.
(2) The Trustee Committee shall deposit all moneys and receipts forming part of the Fund in any scheduled bank or invest the same in loans to any corporation owned or controlled by the Central Government or the State Government or in loans floated by the Central Government or the State Government or in any othermanner.
(3) All amounts due and payable under this Act and all expenditures relating to the management and administration of the fund shall be paid out of the fund.
(4) The accounts of the Trustee Committee shal 1 be audited annually bya Chartered Accountant appointed by it.
(5) As soon as the accounts of the Trustee Committee have been audited; the Trustee Committee shall send a copy thereof together with a cop y of the report of the Chartered Accountant and thereon to the State Government.
(6) The Trustee Committee shall comply with such directions as the State Government may; after perusal of the audit report of the Chartered Accountant think fit to issue.