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Section 17: Constitution of the Fund.

The Marine Products Export Development Authority Act, 1972Central Act · Act 13 of 1972

(1) There shall be formed a Fund to be called the Marine Products Export Development Fund and there shall be credited thereto--

(a) the proceeds of the cess made over to the Authority by the Central Government;

(b) all fees levied and collected in respect of registration made under this Act;

(c) any other fee that may be levied and collected by the Authority under this Act or the rules made thereunder;

(d) any grants or loans that may be made by the Central Government for the purposes of this Act;

(e) any grants or loans that may be made by any institution for the purposes of this Act; and

(f) all sums realised by the Authority in carrying out the measures referred to in section 9.

(2) The Fund shall be applied--

(a) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Authority;

(b) for meeting the other administrative expenses of the Authority;

(c) for meeting the cost of the measures referred to in section 9; and

(d) for repayment of any loans from the Central Government or from any institution.

Where this provision sits

ActThe Marine Products Export Development Authority Act, 1972
Section17
Marginal noteConstitution of the Fund.
JurisdictionCentral
StatusIn force as published by the source

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