6. The Board shall have power-(a) to sanction welfare grants from the Fund to the employees and their families in accordance with the provisions of this Ordinance or the regulations made thereunder;(b) to settle all claims for welfare grants under this Ordinance; (c) to sanction expenditure connected with the administration and management of the Fund;(d) to invest moneys held in the Fund in Government securities or, with the prior approval of the Government, in any other profitable ventures;(e) to set up committees of management in the different branches, units or establishments under the Police Department and to invest them with the administrative and financial powers to deal with such matters as may be assigned to them by the Board;(f) to do or cause to be done all acts and things necessary for the administration and management of the moneys or properties of the Fund, or ancillary or incidental to any of the aforesaid powers, or for the purposes of the Fund.