11.
| (1) The Board shall have the power, subject to the directions of the President -
| | (a) to appoint such officers and servants of the Fund as may be necessary for the administration and management of the affairs of the Fund; | | |
| | (b) to determine the remuneration payable to the officers and servants so appointed; and | | |
| | (c) to pay such remuneration and other expenses incurred in the administration of the affairs of the Fund, out of the income of the Fund. | | |
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| (2) The Board may delegate any of its powers, duties and functions under this Act to any officer of the Board. |
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| (3) The Board, shall, notwithstanding any delegation made under subsection (2) have the power to exercise, perform and discharge the powers, duties and functions so delegated. |
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Sri Lanka Consolidated Acts