Section 16
Functions, Duties And Powers Of The Board
(1) It shall, subject to this
Act, Rules and Bye-laws framed there under, be the duty of the Board to
perform all acts and activities to be carried out by the Fund and to exercise
all powers conferred to the Fund and to fulfill the duty of the Fund.
(2) In addition to the functions and duties provided in sub-section (1)
it shall be the duty of the Board to perform other functions which are
essential to carry out the objectives of the fund.