Section 15. Powers of the Board.

(1) The Board shall, subject to the provisions of this Act, have powers to do all such acts as may be necessary for carrying out its functions under this Act. (2) Without prejudice to the generality of the foregoing provisions such powers shall include the powers–– (a) to set up collection, grading and selling centres for pashmina and wool ; (b) 1[to register dealers, wool classers,] sheep breeders and wool collectors ; (c) to enter into such contract or arrangements with any person as the Board may deem necessary for performing its functions under this Act ; (d) to borrow money, issue debentures, bonds or stocks and manage its funds ; and (e) to incur expenditures and grant advances for performing its functions under this Act.