Rule 76. Conditions to acquire, hold, sell or otherwise transfer any movable or immovable property under sub-section (1), conditions to invest moneys, re-invest or realize investments under sub-section (2), terms to raise loans and take measures for discharging such loans under sub-section (3) and terms to constitute for the benefit of officers and staff or any class of them, provident or other benefit funds under sub-section (4) of Section 120

(1) The Government of Arunachal Pradesh in this regard and in consultation with the Arunachal Pradesh Unorganised Workers’ Social Security Board and the Arunachal Pradesh Building & Other Construction Workers’ Welfare Board or any other State Social Security Board shall frame a detailed policy in reference to sub-section (1) of Section 120.

(2) The Arunachal Pradesh Unorganised Workers’ Social Security Board and the Arunachal Pradesh Building & Other Construction Workers’ Welfare Board or any other State Social Security Board, as the case may be, may soon after the coming into force of these rules constitute their respective fund to be called the Arunachal Pradesh Unorganised Workers’ Social Security Fund and the Arunachal Pradesh Building & Other Construction Workers’ Welfare Fund or any other State Social Security Fund as the case may be, in accordance with the provisions of the Code and these Rules. The fund shall be vested in and administered by the respective Board.

(3) All moneys belonging to the respective Fund may be invested in nationalized bank or in securities as referred to in clause (a) to (d) of Section 20 of the Indian Trust Act, 1882 (Act No. 2 of 1882).

(4) In accordance to sub-section (3) of Section 120, the respective Boards may receive loan or fund in advance from the State Government and return the same according to terms and conditions set for the same.

(5) From time to time, each of the Social Security Organization may, with the prior approval of the State Government and on such terms as may be prescribed by the State Government, constitute for the benefit of its officers and staff or any class of them, such provident or other benefits fund as it may think fit.