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The Railway Servants Group Insurance Ordinance, 1969 (East Pakistan Ordinance)


Powers of the Board
6. The Board shall have power-
(a) to settle claims for insurance sums assured under this Ordinance and all matters connected with such claims;
(b) to do or causes to be done all acts and things necessary for the proper administration and management of the moneys or properties of the Insurance Fund;
(c) to sanction expenditure connected with the administration and management of the Insurance Fund;
(d) to make arrangement for the insurance of the life of the Railway Servants to give effect to the provisions of this Ordinance;
(e) to invest moneys held in the Insurance Fund in any profitable ventures with the prior approval of the 1[Government];
(f) to appoint or employ such persons as it considers necessary for the efficient performance of its functions on such terms and conditions as it may, subject to rules, determine; and
(g) to do or cause to be done all things ancillary or incidental to any of the aforesaid powers or to the purposes of the Insurance Fund.

  • 1
    The word “Government” was substituted for the words “Railway Board” by section 6 of the Eastern Railway Servants Group Insurance (Amendment) Act, 1991 (Act No. V of 1991)
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