Bare ActsThe Spices Board Act, 1986

Section 21

Board Fund.

Amendment status not verified — confirm the current text below against the official source.

(1) There shall be constituted a fund to be called the Spices Board Fund and there shall be credited thereto-- (a) any grants and loans made to the Board by the Central Government under section 20; (b) all fees levied and collected in respect of certificates granted under this Act; and (c) all sums received by the Board from such other sources as may be decided upon by the Central Government. (2) The Fund shall be applied for meeting-- (a) salary, allowances and other remuneration of the members, officers and other employees of the Board; (b) expenses of the Board in the discharge of its functions under section 7; and (c) expenses on objects and for purposes authorised by this Act.

Section 21 – The Spices Board Act, 1986 | DailyLaw.ai