Functions of Trustee Committee

(1) Subject to the provisions of this Act and any other law for the time being in force, the Trustee Committee shall administer the Fund. (2) Without prejudice to the generality of the provisions contained in Sub-Section (1), the Trustee Committee shall (a) hold the amounts and assets belonging to the Fund in trust; (b) receive applications for admission or re-admission as members to the Fund, and dispose of such applications within ninety days from the date of receipt thereof. (c) receive applications from the members of the Fund their nominees or legal heirs, as the case may be, for payment out of the Fund, conduct such enquiry as it deems necessary and dispose of the applications within three months from the date of receipt thereof.