Section 5. Establishment of Board

(1) The Government may, by notification, establish a Board to be known by such name as may be specified in the notification for implementing and administering a scheme. (2) The Board shall be a body corporate with the name aforesaid, having perpetual succession and common seal, with power to acquire, hold and dispose of property, and to contract, and may, by that name sue or be sued. (3) The Board shall consist of members nominated from time to time by the Government representing the fishermen and labourers engaged in fishing and other allied activities, employers and the Government of whom the Director of Fisheries shall be the Member·Secretary of the Board. (4) The Chairman of the Board shall be appointed from amongst the members nominated to represent the Government. (5) After nomination of all the members of the Board including the Chairman, the Government shall, by notification, publish the names of all the members of the Board. (6) The term of office of members of the Board shall be such as may be prescribed. (7) The meetings of the Board and procedures to be followed for the purpose and all matters supplementary or ancillary thereto shall, subject to the approval of the Government be regulated by the Board itself.