Section 4: Secretary.

(1) The Board shall, from time to time, appoint a fit person to be called the secretary of the Petroleum Equalisation Fund Management Board.
(2) The secretary shall be the chief administrative officer of the Board and, subject to the directions of the Board, shall be responsible for-
(a) for determining at such intervals as the Board may direct, the net surplus revenue recoverable from any oil marketing company and accruing to that company from the sale by it of petroleum products at such uniform prices as may be fixed by the Minister pursuant to section 6(1) of the Petroleum Act;
(b) for determining the amount of reimbursement due to any oil marketing company which has suffered a loss as a result of the operation of the enactment as aforesaid;
(c) for the payment of all disbursements authorised under or by virtue of this Act;
(d) for accounting for all moneys collected, paid or otherwise expended under this Act;
(e) for carrying out such other duties as may, from time to time, be specified by the Board.
(3) The Board may also, from time to time, appoint as employees of the Board such number of persons as may be necessary for the administration of this Act, who shall be subject to the general control of the secretary and who shall perform such duties as the secretary may direct.