Amendment status not verified — confirm the current text below against the official source.
(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 State Government from time to time to promote the welfare of labour and of their dependents. (2) Without prejudice to the generality of sub-section (1) the moneys in the Fund may be utilized by the Board to defray expenditure on the following : (a) community and social education centres including reading rooms and libraries ; (b) community necessities ; (c) games and sports ; (d) excursions, tours and holiday homes ; (e) entertainment and other forms of recreations ; (f) home industries and subsidiary occupations for women and unemployed persons ; Interest on unpaid accumulations, fines and contributions after notice of demand. Vesting and application of Fund. (g) corporate activities of a social nature ; (h) cost of administering the Act including the salaries and allowances of the staff appointed for the purposes of the Act ; and 40 This sub section was inserted and shall be deemed always to have been inserted by Guj. 8 of 1963. s.2. 41 Section 6B was inserted by Guj. 29 of 19 3. s.4. (i) such other objects as would in the opinion of the State Government improve the standard of living and ameliorate the social conditions of labour ; Provided that the Fund shall not be utilized in financing any measure which the employer is required under any law for the time being in force to carry out ; Provided further that unpaid accummulations and fines shall be paid to the Board and be expended by it under this Act notwithstanding anything contained in the Payment of Wages Act, 1936, or any other law for the time being in force. (3) The Board may, with the approval of the State Government, make a grant of the Fund to any employer, any local authority or any other body in aid of any activity for the welfare of labour approved by the State Government. (4) If any question arises whether any particular expenditure is or is not debitable to the Fund, the matter shall be referred to the State Government and the decision given, by the State Government shall be final. (5) It shall be lawful for the Board to continue any activity financed from the labour welfare fund of any establishment, if the said fund is duly transferred to the Board.