Amendment status not verified — confirm the current text below against the official source.
(i) A fisherman shall contribute to the Fund Rs. 30 per year for a period of three years from the commencement of the Act and shall thereafter contribute three per cent of the value of fish caught by him during a year or three per cent of the wages earned by him in a year: Provided that the fisherman shall have the opinion to contribute the annual contribution either in a lump sum on the first of March or in three equal instalments on the 1st of March, the 1st of May and the 1st of December every year. (ii) A dealer shall contribute to the Fund one per cent of his sale proceeds in the year or the amount fixed by the Board under the first proviso to sub-section (2) of section 4, as the case may be: Provided that the amount shall be paid in twelve monthly equal instalments on or before the 5th day of the succeeding month along with a statement in Form I. (iii) The owner of a fishing vessel shall contribute to the Fund every month by way of advance an amount equivalent to one-twelfth of the amount payable annually by him determined under section 12 or assessed under section 13 of the Act, as the case may be, on or before the 5th day of the succeeding month along with a statement in Form 2. (iv) The owner of fishing net shall contribute to the Fund every month by way of advance an amount equivalent to one-twelfth of the amount payable annually by him determined under section 12 or assessed under section 13 of the Act, as the case may be, on or before the 5th day of the succeeding month along with a statement in Form 3. (v) The owner of a prawn filteration area or fish farm shall contribute to the Fund two per cent of the value of the prawn and other fish caught from the prawn filteration area or the fish farm during the year or the amount fixed by the Board under the first proviso to sub-section (5) of section 4 of the Act, as the case may be: Provided that the amount shall be paid in twelve monthly equal instalments on or before the 5th day of the succeeding month along with a statement in Form 4.