Amendment status not verified — confirm the current text below against the official source.
Expenses of Administration.—(l) All expenses of Administration of the Fund including the Fee and allowances payable to the members of the board, salaries, leave and joining time allowance, travelling and compensatory allowances, pension, contribution to the pwwident fund and other benefits funds instituted for the officers and Employees of the Board the cost of Audit of accounts, legal expenses and cost of all stationary and form incurred in respect of the Board and Divisional and local offices and all expences incurred in connection with the construction of office building shall be met from the Administration Account of the Fund. All expenses relating to the administration of the Fund shall be met from that part of the Fund earmarked as Administration Account. A portion of the hind not exceeding 5% of the total of the contri- bution realised or expected to be realised in each year as may be decided by the Board with the previous approval of Government shall be set apart as an Administration Account of the Fund. The initial expenses incurred by Government in connection with the establishment of the Fund shall be treated as loan and such loan shall be repaid from the Administration Account. 31214712017/S-10. 'N 34