Section 7: Powers of Board

7. Powers of Board The Board may— (a) carry out such activities and do all such acts and things as appear requisite and advantageous for the furtherance of the objects of the Fund; (b) grant loans from the Fund to employees for such purposes and on such terms and conditions as it may determine; (c) without prejudice to the generality of paragraph (a), invest any surplus remaining in the Fund in such manner as the Board may determine; (d) acquire, purchase, take on lease, hire, hold or enjoy movable and immovable property of every description and mortgage, transfer or otherwise dispose of, or deal in, any movable or immovable property belonging to the Fund upon such terms as the Board may think fit; (e) receive payment in consideration of the services provided by the Fund; (f) take, hold or otherwise acquire shares, debentures or other security in any company.