To provide and maintain a fund by the name of the Seafarers' Welfare Fund;

To provide welfare facilities in general to seamen at ports in India and to seamen engaged as per provisions of section 101 of the Merchant Shipping Act, 1958, while at ports abroad;

To sanction expenditure from the Fund as necessary subject to such limitations as the Central Government may from time to time impose;

To prepare the annual budget of income and expenditure in respect of the Fund.

To acquire any movable or immovable property by purchase, lease, hire, exchange, gift, or otherwise subject to such limitations as the Central Government may from time to time impose;

To sell, all or any part of the movable or immovable property belonging to the Society by lease, mortgage, surrender, exchange, dispose or otherwise deal with subject to such limitations as the Central Government may from time to time impose;

To borrow or raise money with or without security with the previous approval of the Central Government.

To invest in any security or keep in deposit with any bank and otherwise deal with any money of the Society in such manner as may, from time to time, be prescribed by the Central Government.

To appoint, remove or suspend such manager, officers, clerks, agents and servants of the Society, from time to time as may be considered necessary.

To give pensions, gratuities or charitable aid to employees or ex-employees of the society & their next of kin.

To draw, make, accept, endorse and discount cheques, Notes or other negotiable instruments;

For the purposes of aforesaid, to sign execute and deliver such assurances and deeds as may be necessary.