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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;

3[(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.

Coir Industry Act, 1953 Back

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