Establishment of the Board

(1) There shall be and is hereby established for the purposes of this Act a Board to be known as the Sugar Industry Control Board which shall be an autonomous entity governed by the provisions of this Act. (2) The Board may exercise any of the functions entrusted to it by or in accordance with the provisions of this Act or any Regulations made hereunder and may exercise any other functions incidental or ancillary to, or consequential upon, the performance of its principal functions.