14. Powers of the Fund

to enter into and perform or carry out, whether directly or indirectly, through any officer or agent authorized in writing in that behalf by the Board, all such contracts or agreements as are necessary for carrying out the objects of the Fund ;

to purchase, transport, store, supply and maintain, any commodity, equipment or machinery necessary for the carrying out of the objectives of the Fund ;

to appoint, employ, remunerate and exercise disciplinary control over such officers and agents as may be necessary for carrying out the objectives of the Fund ;

to establish and maintain pension or provident fund schemes for the benefit of coconut smallholders and coconut based small industries to insure members of the Fund, against any risks ;

to train members, officers and employees of the Fund;

to open, operate and close bank accounts for carrying out the objects of the Fund ;

to levy fees or other charges for services performed or facilities or equipment provided by the Fund ;

to provide assistance, including financial assistance by way of loans or grants to any Kapruka Society registered under this Act engaged in the processing, or marketing of coconut or coconut products ;

to invest such monies of the Fund which is not immediately required for its purposes, in such securities as the Board may consider fit ;

(i)

to require any person to furnish, within a specified period of time, all such returns, information and explanations as are within the knowledge of that person relating to any matter as may be necessary for the carrying out of the objects of the Fund or the exercise of the powers of the Board ;

to require any person to produce, or cause to be produced, before a specified date such documentary or other evidence as the Board may require for the purpose of verifying any facts entered in any record maintained under sub-paragraph (i) or stated in any return, information or explanation furnished under sub-paragraph (ii) of this paragraph ;

to enter and inspect, at any reasonable time, any land, building, office, store, factory, shed or premises for the purpose of examining and verifying any records required to be maintained under sub-paragraph (i) of this paragraph or for the purpose of verifying any particulars contained in any return or information or explanation furnished to the