Amendment status not verified — confirm the current text below against the official source.
In section 4 of the Principal Act, for sub-sections (1), (2), (3), (4) and (5) the following sub-sections shall be substituted, namely:- "(1) Every fisherman shall contribute to the Fund every year at such rate, as may be fixed by the Government, from time to time, on the recommendation of the Board. (1A) Every allied worker shall contribute to the Fund, every month, at such rate, as may be fixed by the Government, from time to time, on the recommendation of the Board. (2) A dealer shall contribute to the Fund, every year, one per cent of his sale proceeds in the year. (3) The owner of a fishing vessel of any category, shall contribute to the Fund, every month, an amount, at such rate, as may be fixed by the Government, from time to time, on the recommendation of the Board, to that category of fishing vessel. (4) The owner of a stakenet or chinanet shall contribute to the Fund, at such rate, as may be fixed by the Government, from time to time, on the recommendation of the Board, for nine months every year. (5) The owner of a prawn filtration area or a prawn culture farm or a fish farm shall contribute to the fund every year, at such rate, per hectare, as may be fixed by the Government, from time to time, on the recommendation of the Board. Explanation.-- For the purposes of this sub-section "prawn filtration area" means any water logged area, where prawn filtration is carried on. "Prawn Culture Farm" means a farm where prawn, including scampi, are cultured. (5A) In calculating the extent of the area, half hectare and above shall be taken as one hectare and areas below half hectare shall be ignored. (5B) The owners of fish markets or lessees or licensees or any person claiming, any right or interest, through such owners, or the owners of the ice plants supplying ice, mainly for the processing of fish and the vehicles engaged, mainly for the transportation of fish, shall contribute to the fund, every year, at such rate, as may be fixed by the Government, from time to time, on the recommendation of the Board.