Amendment status not verified — confirm the current text below against the official source.
Administrative and Financial Powers of the Chief Executive.-(]) The Chief Executive of the Board may, without reference to the Board, sanction expenditure on contingencies, supplies and services and purchase of articles required for administer- ing the fund subject to the limits up to which he may be authorised to sanction ex- penditure on any single item from time to time by the Board with the approval of the Government. The Chief Executive may also exercise such administrative and financial powers other than those specified in sub para (I) as may be delegated to him from •• time to time by the Board, with the approval of the Government. - The Board may, from time to time, delegate, subject to such conditions as it may deem fit, its administrative and financial powers to any other officer under its - - control and supervision to the extent considered necessary for the administration of the scheme. - Powers of Government until Board is constituteS- The Government shall ad- minister the fund and exercise or discharge all or any of the powers or functionof the Board until the Board is constituted: Provided that on the constitution of the Board, the Government shall transfer -. - zany amount standing to the credit of the fund to the Board. CHAPTER IV MEMBERSHIP AND CONTRIBUTIONS Membership- At the commencement of this scheme every employee shall be entitled and be required to be a member of the Fund if he has completed one hundred and fifty days service in a cashew factory during the previous five calendar years: Provided that the workers of any cashew factory which has remained closed for over five years shall be entitled to membership of the fund on completion of three months service in the factory after its re-opening: Provided furtker that the workers of newly opened cashew factories shall also be eligible for membership on completion of three months service. Contribution to the Fund.- (1) The enployer shall in the first instance, pay both the contributions payable by himself and by the members employed by him. (2) The amount of contribution as per sub-paragraph (I) shall be remitted with the Chief Executive of the Board or any officer authorised by him in this behalf, before the 10th of every month along with the statement in Form No.1. Recovery ofa member's share or contribution. - (1) The amount of a Member's contribution paid by the employer shall notwithstanding any contract to the contrary, be Scoverable by means of deduction from the wages of the worker. Employer's share not to be deducted from the Member - Notwithstanding any contract to the contrary, the employer shall not deduct the empfoyer's contribution from the wages of a member or otherwise to recover it from hint CHAPTERV REGISTRATION, TRANSFER OF EXISTING FUNDS, MAINTENANCE OF RECORDS AND DEPOSIT OF MONEY -