Section 18: Delegation of powers
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Delegation of powers
Subject to such instructions and rules of a general nature as it may give
or make, the Board may delegate to the Chairperson or the Director such of
its powers under this Act as may be necessary to assist it in the effective
management of the Fund, other than the power to—
(a) borrow money;
(b) raise loans; or
(c) enter into any transaction involving capital expenditure which
exceeds 100,000 rupees.