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(1) The Government may, by notification in the Gazette, constitute with effect from such date as may be specified therein, a Board to be called "The Kerala Bamboo, Kattuvally and Pandanus Leaf Welfare Fund Board" for the administration of the Fund and to supervise or carry out the activities financed from the Fund. (2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal and shall by the said name sue and be sued.