Section 49. Application of Fund

{
    "act_title": "THE ANDHRA PRADESH INDUSTRIAL WORKERS (REPRESENTATION) PARTICIPATION IN MANAGEMENT AND RELIEF) ACT, 1998",
    "act_slug": "the-andhra-pradesh-industrial-workers-representation-participation-in-management-and-relief-act-1998",
    "section_label": "Section",
    "section": {
        "number": "49",
        "title": "Section 49. Application of Fund",
        "chapter": null,
        "content": "49. Without prejudice to the generality of the provisions of section 48, the Fund shall be utilised by the Board, which may:-\n(a) grant to the affected workmen such sums as the Board may decide; and such sums shall not be less than the minimum wages in force for the General Engineering Industry;\n(b) contribute towards the share capital for the formation of an Industrial Workers Co-operative Society;\n(c) grant such other financial assistance to the Industrial Workers Co-operative Societies; or\n(d) take such measures as the Board may consider necessary for promoting the welfare of affected workmen.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 830
    },
    "prev_section": "48",
    "next_section": "50"
}