Act Number: 4

Act Name: The Tobacco Board Act, 1975

Year: 1975

Enactment Date: 1975-03-19

Long Title: An Act to provide for the development under the control of the Union of the tobacco industry.

Ministry: Ministry of Commerce and Industry

Department: Department of Commerce

Section 17: Constitution of the Tobacco Fund.
    (1) There shall be formed a Fund to be called the Tobacco Fund and there shall be credited thereto--
         (a) the fees levied and collected under this Act or the rules made thereunder;
         (b) any sums of money paid or any loans granted by the Central Government for the purposes of this Act;
         (c) any grants or loans that may be made by any person for the purposes of this Act;
         (d) the sums, if any, realised by the Board in carrying out the measures referred to in section 8.
     (2) The Fund shall be applied--
         (a) for meeting the cost of the measures referred to in section 8;
         (b) for meeting the salaries, allowances and other remuneration of the officers and other employees of the Board;
         (c) for meeting the other administrative expenses of the Board;
         (d) for repayment of any loans.
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