Appointment of Officers for assisting the Board

(1) The Government may appoint such number of Officers as they think fit for assisting the Board in the administration of the Fund. (2) The Officer appointed under sub-section (1) shall exercise such powers and discharge such duties as may be prescribed. The Chairman shall preside at every meeting of the Board at which he is present. If the Chairman is absent at any time the Directors present shall elect one of the Directors to preside over the meeting and the Director so elected shall exercise all the powers of the Chairman at the meeting.