Amendment status not verified — confirm the current text below against the official source.
Powers, duties and functions of the Board.—(1) The Board shall be responsible for- all matters connected with the administration of the ftrnd specified in the scheme; registration S of employers in the find; laying down policies for the deposit of the amount of the fund as directed by Government from time to time; submission of annual budget to the Government for sanction; (c) submission of annual report to Government on the working of the scheme; - annual audit of accounts of the Board in accordance with the instructions issued by Government; collection of contribution to the fund and other charges; launching of prosecutions against the officers; speedy settlement of claims and sanction of advances and other benefits; / 28 / ) proper maintenance of accounts (k) proper and timely recovery of any amount due to the Board. 2) The Board shall advise the Government on such matters as the Govethment may refer to it from time to time. (3) The Government may call for such reports and returns as they may think. fit from the Board and it shall be the duty of the Board to Ibrnish such reports and returns.