Amendment status not verified — confirm the current text below against the official source.
Constitution of Board—(1) The Government may, by notification in the Gazette, constitute with effect from such date as may be specified therein, a Board to be called the Kerala Fishermen’s Welfare Fund Board for the administration of the fund and to supervise and to carry out the activities financed from the fluid. (2) The Board shall be a body corporate by the name aforesaid, havmg perpetual succession and a common seal and shall by the said name sue and be sued. (3) The Board shall consist of the following members, namely,— (a) Secretary to Government in charge of fisheries; (b) the Director of Fisheries; (c) the Chairman and Managing Director of the Kerala State Co-operativc Federation for Fisheries Development; (d) the Law Secretary or an ofiicer of Law Department nominated by him; (e) a representative of the Finance Department to be nominated by the Government; and (f) three representatives of the fishermen to be nominated by the Government. (4) The Government shall nominate one of the members of the Board as its Chairman. (5) The Board shall administer the fund in such manner as may be specified in the scheme (6) The Board may, with the previous approval of the Government, delegate to the Director of Fisheries or to the Managing Director of the Kerala. State Co-operative Federation for Fisheries Development or to any officer of the Government or of the Board, such of its powers and functions under this Act or the scheme as it may consider necessary for the efficient administration of the fund, subject to such restrictions and conditions, if any, as it may specify. '8. Powe7 of the Board to borrow —The Board may, from time to time, With the previous approval of the Government and subject to such terms and conditions as may be specified by the Government, borrow money for the purposes of the scheme. 2'01' ,