Establishment of the Sugar Industry Research and Development Institute

(1) There shall be and is hereby established for the purposes of this Act an Institute to be known as the Sugar Industry Research and Development Institute which, subject to the provisions of this Act, shall be an autonomous Institute. (2) The Institute shall be responsible for the day to day management of its affairs and may exercise any of the functions entrusted to it by or in accordance with the provisions of this Act or any regulations made thereunder, and any other functions incidental or ancillary to or consequential upon, the performance of its principal functions but shall in all respects operate under the general policy direction of the Board.