law: Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 
  
  24.Building and other Construction Workers Welfare Fund and its
  
  application.-
  (1) There shall be constituted by a Board a
  
  fund to be called in Building and Other Construction Workers' Welfare Fund and
  
  there shall be credited thereto---
  (a) any grants and
  
  loans made to the Board by the Central Government under section 23;
  (b) all contributions made by the beneficiaries;
  (c) all sums received by the Board from such other sources as may be decided by
  
  the Central Government.
  (2) The Fund shall be applied for meeting---
  (a) expenses of the Board in the discharge of its functions under section 22;
  
  and
  (b) salaries, allowances and other remuneration of the members, officers and
  
  other employees of the Board;
  (c) expenses on objects and for purposes authorized by this Act.
  (3) No Board shall, in any financial year. incur expenses towards salaries,
  
  allowances and other remuneration to its members, officers and other employees
  
  and for meeting the other administrative expenses exceeding five per cent. of
  
  its total expenses during that financial year.