Amendment status not verified — confirm the current text below against the official source.
Vesting and application of the Fund- (1) The Fund shall vest in and be held and applied by the Board as trustees subject to the provisions and for the purposes of this Act. The moneys therein shall be utilized by the Board to defray the cost of carrying out measures which may be specified by the Government, from time to time, for promoting the welfare of labour and of their dependents. (2) Without prejudice to the generality of the provisions in sub-section (1), the money in the Fund may be utilized by the Board to defray expenditure on the following:- (a) labour welfare centres under the control of the Labour Department of the Government; (b) reading rooms and libraries; (c) games and sports; (d) community necessities;