Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the provisions of this Act, a Board shall have all the rights and liabilities and powers of an owner in respect of any property vested in it for the management and protection thereof. (2) A Board shall take such measures as may be reason- ably necessary for the good management and protection of any property vested in it, for the assertion of title thereto and for obtaining possession thereof and may for such purposes do all acts and incur all expenses which are necessary or incidental. (3) (i) A Board shall maintain a separate account of the property of each evacuee , or group of evacuees whose properties vested in it have been jointly managed in the past or who may apply in writing 'for such joint manage- ment and shall cause to be made therein entries of all receipts and payments. (ii) The accounts shall be maintained in such form and manner as may be prescribed. (iii) The Provincial Government shall cause such accounts to be inspected and audited at such intervals and by such persons as may be prescribed. The cost of such audit and inspection shall be met by the Board according to the prescribed scale. (iv) A. copy of the audited account of the property of each evacuee shall be supplied to him by the Board within two months of the completion of the audit. (4) A Board shall remit to each evacuee in such manner and at such intervals as may be prescribed, the income of any property of the evacuee, vested in the Board, after deduct- ing therefrom all sums properly debitable to such income.