Section 48

paying for salaries, bonus, leave and transfer expenses, travelling and compensatory allowances, gratuities and compassionate allowances, contributions to benefit fund, welfare and recreation of the officers and servants of the

Organization including the granting of loans and advances, and expenditure in respect of offices and payment of other services provided under this Act or any regulations made under this Act;

paying for fees and other remunerations to any auditor, actuary, agent, technical adviser, banker, stockbroker, surveyor, consultant or any other persons employed to carry into effect the purpose of this Act;

Employment Insurance System 43

purchasing or hiring equipment, machinery and any other things including renting of any building or premises in the performance of its functions and in the exercise of its powers under this Act or any regulations made under this

Act.

The Board may, subject to such conditions, limitations or restrictions as the Board thinks fit, delegate to the Chairman of the

Board, Director General, Deputy Directors General, any of the members of the Board, Committee or committees established under section 9, Employment Services Officer, or officers and servants of the

Organization, the authority to sanction expenditure from the Fund or any other moneys vested in and under the control of the Board up to such limit as the Board may determine.

Power to accept grants, donations, etc.