LawgistThe Coir Industry Act
15Constitution 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.
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1 Ins. by s. 5, ibid. (w.e.f. 16-6-1964).
