Section 71
Subject to this Act and of any regulations made thereunder, the
of Employees' Social Security Act 1969
Social Security Fund shall be expended only for the following purposes, namely:
(i)
payment of benefits and invalidity grant and provision of medical treatment and attendance to insured persons or to their dependants;
(ii)
establishment and maintenance of hospitals, dispensaries and other institutions and the provision of medical and other ancillary services for the benefit of insured persons;
(iia) establishment or taking over of a company under section 74A and its maintenance;
(iii)
payment of contributions to the Government, local authority or any private body or individual, towards the cost of medical treatment and attendance provided to insured persons including the cost of any building and equipment, in accordance with any agreement entered into by the
Organization;
(iv)
defraying the cost of the appellate boards and medical boards set up under this Act;
(v)
payment of sums under any decree, order or award of any court or tribunal against the Organization or any of its officers or servants for any act done in the execution of his duty or under a compromise or settlement of any suit or other legal proceeding or claim instituted or made against the Organization;
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(vi)
defraying the cost and other charges of instituting or defending any civil or criminal proceedings arising out of any action taken under this Act;
(vii)
defraying expenditure, within the limits prescribed, on measures for the improvement of the health, occupational safety and welfare of insured persons or dependants and for the rehabilitation and re-employment of insured persons who have been disabled or injured;
(viii)
payment of fees, allowances and other remuneration to members of the Board and Investment Panel;
(viiia) granting of loans or scholarships to a dependant child of an insured person as specified under section 57A; and
(ix)
such other purposes as may be authorized by the Minister in consultation with the Minister of Finance.
Expenditure on administration