Section 5: Powers of the Board.

The Board shall have power(a) to acquire offices and other premises for the use of the Corporation;
(b) to fix terms and conditions of service including remuneration of the employees of the Corporation;
(c) establish such zonal and other offices of the Corporation as it may deem necessary for the proper performance of its functions; and
(d) to do such other things as are necessary for the successful performance of its functions under this Act.