The remuneration and other conditions of service of such officers and servants shall be such as may be prescribed by the Board and approved by the Government.

Payment by the Board on account of Authority The amount necessary for the payment of remuneration, salaries, allowances and other contributions payable to the Chairperson and other members of the Authority and of the officers and servants of the Authority, shall be paid by the Board which shall create a corpus by depositing 1% of the settlement charge/Ex-gratia amount for meeting the cost to be incurred in the said regard in a separate account.