Amendment status not verified — confirm the current text below against the official source.
(1) The Fund shall vest in, and be held and applied by, the Board for carrying out the purposes of this Act. (2) Without prejudice to the generality of sub-section (1), the moneys in the Fund may be utilized by the Board for the benefit of the labour to defray expenditure on the following, namely-- (a) community and social education centres including reading rooms and libraries; (b) public baths and washing places; (c) medical relief and convalescent homes (d) educational facilities for women and children and education of adults; (e) games and sports ; (f) excursions, tours and holiday homes ; (g) entertainment and other forms of recreations (h) home industries and subsidiary occupations for women and unemployed persons ; (i) allowances of the members of the Board and the pay and allowances of the officers and other employees of the Board; (j) setting up credit, consumers and multipurpose co-operative societies; (k) corporate activities of a social nature ; (l) facilities for preparation and processing of food materials ; (m) provision of housing facilities and their improvements; (n) such other objects as would, in the opinion of the Board, improve the conditions of living of labour; [(o) subject to a maximum of such percentage as the State Government may by notification specify, on the service and publication of notice under sub-section (4) of section 6 :]1 Provided that the fund shall not be utilized in financing any measure which any employer is required under any law, for the time being in force, to carry out.