Timely disposal of fund recognition applications mandated with fixed deadlines and reporting; future short disposal period required. Delay in disposing recognition or approval applications for provident, superannuation and gratuity funds causes loss of deductibility for employer contributions, loss of fund income exemption, and denial of employee deductions; the Board directs disposal of backlog applications received before 1 April 1978 by a fixed final date, requires a report identifying disposed and remaining cases with reasons, authorises posting extra staff if needed, and mandates that future applications be disposed within a short prescribed period.