The Coir Industry Act,1953
15. Constitution of Fund.
(1) There shall be formed by the Board a Fund to be called the Coir Fund and there shall be credited thereto-
(a) The proceeds of the cess made over to the Board by the Central Government;
(b) Any other fee that may be levied and collected under this Act or the rules made thereunder.
1[(c) any sum of money that may be paid by way of grants under section 14A.]
(2) The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures referred to in section 10.
1. Ins. by Act 25 of 1964, sec. 5 (w.e.f. 16-6-1964).
