Coir Industry Act : Constitution of Fund. Indian Bare Acts :

Coir Industry Act,1953

Act No : 45

Section : Constitution of Fund.

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; 2*[(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.