Vesting and application of Fund

(1) The Fund shall vest in and be held and applied by the Board as trustees subject to the provisions and for the purposes of this Act. (2) The moneys in the Fund shall be utilised by the Board to defray the cost of carrying out measures which may be specified by the State Government from time to time to promote the welfare of employees and their dependants. (3) Without prejudice to the generality of the provisions of sub-section (2), the moneys in the Fund may be utilised by the Board to defray expenditure on the following, namely:— (a) community and social education centres; (b) vocational training; (c) community necessities; (d) entertainment and other forms of recreation; (e) convalescent homes for tuberculosis patients; (f) holiday homes in health resorts; (g) liquor prohibition; (h) supply of reading material; (i) any other welfare scheme which is approved by the State Government for the benefit of employees and their dependants. For the purpose of advising the Board in the discharge of its functions and also for carrying into effect any of the objects specified in sub-section (2) of Section 11, the Board may constitute one or more committees. The constitution and term of office of any committee shall be such as may be prescribed. (1) the Board shall meet at least once every quarter as often as may be necessary. (2) All members of the Board shall be given fifteen clear days notice of a meeting specifying the date, time and place of the meeting and the business to be transacted thereat : Provided that, a shorter notice may be given if in the opinion of the Chairman, business of an emergent nature has to be transacted. (3) the number of members necessary to constitute a quorum at a meeting of the Board shall be seven of whom at least one each shall be from employers, the employees and the independent members. (3) (a) If a member is unable to attend any meeting of the Board, he may, by a written instrument signed by him addressed to the Chairman of the Board, explaining the reasons for his inability to attend the meeting, appoint any representative of the organisation which he represents on the Board, as his substitute for attending that meeting of the board in this place : Provided that no such appointment shall be valid unless; (i) such appointment has been approved by the Chairman of the Board, and (ii) the instrument making such appointment has been received by the Chairman at least seven days before the date fixed for the meeting. (b) A substitute validly appointed shall have all the rights and powers of a member, in relation to the meeting of the Board in respect of which he is appointed. (4) Every meeting of the board shall be presided over by the Chairman or if the chairman is, for any reason, unable to attend it, by such one of the members present, as may be chosen by the meeting, to be the Chairman for the occasion. (5) If there is no quorum present as laid down in sub-rule (3) the chairman shall, after waiting for thirty minutes from the time fixed for the meeting, adjourn the meeting to such hour on some other day as he may fix. A Notice of such adjourned meeting shall be sent to every member of the Board and the business fixed for the original meeting shall be brought before the adjourned meeting and may be disposed off at such meeting whether there is quorum or not. (6) All questions placed before the Meeting of the Board shall be decided by a majority of the members present and voting, at the meeting the chairman have a second or casting vote in case of equality of votes. (7) the Secretary, and in his absence any other officer of the board authorised by the Chairman, shall record the minutes of the proceedings of the meeting of the Board and shall include therein the names of the members present. A copy of such minutes shall be submitted to the State Government as soon as they are confirmed by the Board.