Lawgist32Pool fund
(1) To the pool fund shall be credited all sums realised by sales by the Board of Coffee from the surplus pool.
(2) 1[The pool fund] shall be applied only to--
(a) the making to registered owners of estates of payments proportionate to the value of the coffee delivered by them for inclusion in the surplus pool;
(b) the costs of storing, curing and marketing coffee deposited in and of administering the surplus pool ;
(c) the purchase of coffee not delivered for inclusion in the surplus pool:
2[Provided that where, after the requirements of the, clauses of this sub-section have been met, there remains any excess in the pool fund, the Board may, with the previous sanction of the Central Government, transfer the whole or any part of such excess to the credit of the general fund.]
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1. Subs. by Act 23 of 1994, s. 12, for certain words. (w.e.f 14-1-1994).
2. Added by Act 16 of 1944, s. 3.
- 1 Short title, extent and duration
- 2 Declaration as to expediency of Union control
- 3 Definitions
- 4 Constitution of the Board
- 5 Incorporation of the Board
- 6 Vesting of property in the Board
- 6A Consultation with the Board
- 7 Committees, staff and agents
- 8 Salary and allowances of Chairman
- 8A Vice-Chairman
- 9 Chief Coffee Marketing Officer, Secretary and other Staff
- 10 Dissolution of the Board
- 11 [Repealed.]
- 12 [Repealed.]
- 13 [Repealed.]
- 14 Registration of owners of coffee estates
- 15 Power of State Government to make rules
- 16 Fixation of prices for sale of coffee
- 17 Sale of coffee in excess of free sale quota
- 18 Sale of coffee, how made
- 19 [Repealed.]
- 20 Export of coffee
- 21 Re-import of coffee exported from India
- 22 Free sale quota
- 23 Returns to be made by registered owners
- 24 Licences for sale of uncured coffee
- 25 Surplus coffee and surplus pool
- 26 Sales of coffee by the Board
- 27 Coffee to be cured in licensed curing establishments
- 28 Licensing of curing establishments
- 29 Information to be supplied to the Board in connection with curing
- 30 Separate funds to be maintained by the Board
- 31 General fund
- 32 Pool fund
- 32A Power of the Board to make donation to the Gandhi National Memorial Fund
- 33 Power to borrow
- 34 Payments to registered owners
- 35 Failure to register
- 36 Contraventions of sections 16, 17 and 18
- 37 Unlicensed curing establishment
- 37A Contravention of section 23(1)
- 38 False returns
- 38A Contravention of section 25
- 38B Powers to seize coffee withheld from inclusion in surplus pool
- 39 Obstruction
- 39A Offences by companies
- 40 Cognizance of offences
- 41 [Repealed.]
- 42 Control by the Central Government
- 43 Appeals to the Central Government
- 44 Inspection of records
- 45 Accounts of the Board
- 46 Inspection of records of the Board and obtaining of copies
- 47 Contracts
- 47A Bar of legal proceedings
- 48 Power of the Central Government to make rules
- 49 Repeal of Act 14 of 1935
- 50 [Repealed.]
