7.(1) To carry out any one or more or all the of the objects as specified for which they are hereby deemed to have necessary powers. Without generality of the foregoing provision the Board shall, -
(a) have the right to carry out administrative, managerial, supervisory and all necessary powers to Act in the best interests, of Shri Bankey Bihari Ji and the temple and its devotees and visitors;
(b) to manage the trust fund including accepting any receipts, authorize expenses and manage investments;
(c) to authorize acceptance or receipt of any moveable and immoveable property in the name of the presiding deity, the temple and/or the trust;
(d) to carry qut investments or deposits in banks or financial instruments and securities or derivatives and secondaries and realise profits and earnings of them in the name and for the benefit of the presiding deity, the temple and/or the trust and designate authorized persons to operate them;
(e) to accept or make payments, negotiate documents or claims, and issue receipts, discharges and setoffs;
(f) to undertake secured loans, charges, encumbrances with prior sanction of the State Government;
(g) to purchase, rent and take on lease property both moveable and immoveable to the extent of Twenty Lakh rupees (Rs.20,00,000/-) and where such amount exceeds Twenty Lakh (Rs.20,00,000/-) to do so with previous sanction of the State Government;
(h) to institute, contest and defend litigations, arbitrations, disputes or any other proceedings of any other kind including against third parties and the Government authorities, appoint lawyers for advice or representation and the power to compound and settle any of the above;
(i) appoint Chartered Accountants, Cost Analysts, financial advisors, company secretaries and accounting and audit firms;
(j) determine and formalize the office, responsibilities and duties of the archaks, sewayats, and pujaris, determine their roster, qualifications and disqualifications, determine the payment of such emoluments and conferment of benefits as decided while being cognizant of section 4 (i) and (iii); (k) appoint such office bearers, employees whether permanent or temporary and determine their pay emoluments, compensation and terms of service; to work in close co-operation with Chief Executive Officer and the executive committee who shall discharge and carry out the instructions and resolutions of the Board;
(l) to do all other Acts, deeds, matters and things which may be deemed necessary for carrying out the objects of the Trust and for its administration;
(m) to delegate one or more functions necessary to carry out the objectives to the Chief Executive Officer, office bearer or any other person;
(n) to frame rules for business of the Board, manner and method of discharging or exercising any power or function, or for any other matter connected to the administration and management of the temple or matters incidental thereto.
(2) No third party right of any kind can be created in the deity and temple premises or jewelries of Shri Bankey Bihari Ji. The Board may grant approval to a proposal made by the Chief Executive Officer to sell, gift, exchange, alienate, give on rent or lease, hypothecation, bailment or create any third party right of any kind with respect to any other moveable or immoveable property of the deity, temple and the trust after obtaining prior sanction of the State Government.
(3) The Board shall be indemnified against all losses and liabilities incurred by them in the execution of the trust. Any member of Board shall not be personally liable or responsible for any loss or expenses if the Act is done in good faith.
(4) The Board shall not Act in any manner inconsistent with the objectives of the trust and no power can be read in excess of and in teeth of the provisions of the trust and with the law being in force.