Amendment status not verified — confirm the current text below against the official source.
Contrzbulzon lo the fun(l.——(l) Every coir wmker and every self employed person shall contribute to the fund one rupee each per month (2) Every employ er other than a cmr co-operative somety shall in respect of each ceir worker contribute to the fund two rupees per month (3) Every ceir eo-operative seeiet) .whieh employees a con worker shall in respect of each such coir workci contribute to the hind one rupee per month Explanatzon —For the put poses of sub-sections (2) and (3), cmr er)- operative seeiety means a soc1ety registered or deemed to be registered undei the Kerala Clo-operative Socmties Act, 1969 (21 of 1969) which is engaged in the process of retting raw husks, beating retted husk and spinmngyarn. (L I‘ II O 5 . ‘ (4) The Government shall contribute to the fund every year an amount equal to tw1ce the amount contributed by the c01r workers and self employed persons by way of grant (5) Every producer of COII‘p'IOduLlS and- every dealer shall contri- bute to the fund an amount equal to one pet cent of their sale proceeds in a year. (6) The contiibution shall be paid to the Chief Executive Officer or to any officer of the Board authorised by the Board in this behalf. (7) Wheie the amount of any contribution payable under this Act involves a fraction of a iupee, the scheme may prov1de for the rounding ofi‘ of such fraction to the nearest rupee.