Bare ActsThe Kerala Labour Welfare Fund Act

Section 20

Amendment status not verified — confirm the current text below against the official source.

/ni'esunent of Fund-If the Fund or any portion thereof cannot be applied at an early dale for carrying out any bf the activities referred to in this Act, the Board shall flfl[deposit [he same in Government Treasuries or in nationalised banks or in scheduled banks or in district co-operative banks or] invest the same in any of the securities specified in clauses (a) to (d) and (I) of section 20 of the Indian Trusts Act, 1882 (Central Act2ofISS2). I! t. 21 Power of Government to give directions to Board-The Government may give the Board such directions as in their opinion are necessary or expedient in connection with the expenditure from the Fund or for carrying out the purposes of this Act, and it shall be the duty of the Board to comply with such directions.

Section 20 – The Kerala Labour Welfare Fund Act | DailyLaw.ai