Cost of administering the Act

(1) The cost of administering the Fund shall be met from the Fund. (2) Such costs shall not exceed such percentage of the annual income of the Fund as may be prescribed. (1) All moneys and other assets vesting in the Fund shall be held and applied by it, subject to the provisions and for the purposes of this Act, and all moneys belonging to the Fund shall be deposited in the Reserve Bank of India or the State Bank of India or such other bank as may be prescribed, or shall be invested in such securities as may be prescribed. (2) Such moneys and assets shall be held and applied by the Board in the name of the Board. (3) The accounts of the Fund, as certified by the auditor appointed by the State Government, together with the audit report thereon, shall be forwarded annually by the Board to the State Government. (1) The Administrator may appoint inspectors to inspect records in connection with the sums payable into the Fund. Inspectors appointed under the Delhi Shops and Establishments Act, 1954, in relation to any area, shall be deemed to be also Inspectors for the purposes of this Act, in respect of establishments to which this Act applies, and the local limits within which such Inspector shall exercise his functions under this Act shall be the area for which he is appointed under the said Act. (2) Any Inspector may— (a) with such assistance, if any, as he thinks fit, enter at any reasonable time any premises for carrying out the purposes of the Act; (b) exercise such other powers as may be prescribed. (1) The Administrator may appoint inspectors to inspect records in connection with the sums payable into the Fund. Inspectors appointed under the Delhi Shops and Establishments Act, 1954, in relation to any area, shall be deemed to be also Inspectors for the purposes of this Act, in respect of establishments to which this Act applies, and the local limits within which such Inspector shall exercise his functions under this Act shall be the area for which he is appointed under the said Act. (2) Any Inspector may— (a) with such assistance, if any, as he thinks fit, enter at any reasonable time any premises for carrying out the purposes of this Act; (b) exercise such other powers as may be prescribed.