Amendment status not verified — confirm the current text below against the official source.
The Board shall have power to appoint such officers and staff as it thinks fit to carry out its functions under this Act and to supervise and control the activities of any other body financed from the Fund; Provided that the expenditure on account of the officers and staff so appointed and any other administrative expenses to be incurred by the Board shall but exceed fifteen per centum of the annual income of the Fund.