Amendment status not verified — confirm the current text below against the official source.
Thc Chairman may, subject lo the conlrol of !he Board,- P * \ u ~ r s ~ f Chaihun ns (a) institute, defend or direcl the wilhdrawal of, lcgal [oimli[ulion, ctc., oflcgal proccedings under h i s Acl or any rule made hereundcr; prncccdinFs and obtaining (b) compound any offence againsl this Act or any rulc made ~ ~ ~ d ~ d hereunder which, under any law for Ihe Limc being in force, may lawfully bc compounded; (c) admil, compromise or withdraw any claim made undcr this Acl or any rule made hereunder; and (d) obtain such legal advice and assistance as he may from lime to lime [hink i~ necessary or expedient to obtain, or u he may be desired by the Board 10 obtain, for any of the purposes referred to in the foregoing clauses of this sec~on, or for securing thc IawFuI exercise or discharge of any power or duty vcsicd in or imposed upon thc Board or any omccr or scrvani of thc Board.