POWERS OF THE BOARD TO MAKE BYE-LAWS

(1) The Board may make bye-laws for the proper performance of its functions under this Act. (2) In particular and without prejudice to the generality of the foregoing power, such bye-laws may provide for the following matters, namely: a) The constitution, functioning and powers of the Sectoral Sub-Committee(s), Project Implementation Sub-Committee(s) under sub-sections (1) and (3) of Section 7; b) The custody, application and operation of the UIIDF including, borrowing and investment under sub-section (3) of section 8; c) The duties of the Managing Director, officers and employees of the Board and their conditions of service under section 9; d) Conduct of the meetings of the Board and Executive Committee, the time and place at which such meetings shall be held, the procedure to be followed in the transaction of business under sub-section (9) of section 4; and e) Any other matters in relation to which bye-laws are required to be or may be made.