Section 1. Ins. by Act 4 of 1986, s. 2 and the Sch. (w.e.f. 15-5-1986)

1. Ins. by Act 4 of 1986, s. 2 and the Sch. (w.e.f. 15-5-1986). STATEMENT OBJECTS AND REASONS The coir industry has a definite role to play in our national economy. It is of very great economic importance to Travancore-Cochin where it is concentrated and also, from the point of view of earning foreign exchange of importance to the whole country. It has, however, been passing through acute depression singe the middle of 1952, as a result of a marked decline in exports. With a view to controlling production, improving its quality, weeding out the undesirable elements in the export trade and developing the internal market so as to reduce the industry's dependence on exports, it is considered necessary to establish a Statutory Board on the lines of Boards set up for other plantation industries. 1. For the Coir Industry Rules, 1957, see Gazette of India, 1954, Extraordinary, Pt. II, sec. 3. P. 1109. (h) the powers of the Board and the Executive Committee and the Chairman, in regard to the incurring of expenditure; and the re-appropriation of estimated savings in any budget heard to another such head; (i) the conditions subject to which the Board may borrow; (j) the form and the manner in which accounts should be kept by the Board; (k) the registration of coir spindles and looms for the manufacture of coir products as also the registration of manufacturers of coir products and the conditions for such registration; the grant or issue of licences under this Act; the fees to be levied in respect of such registration and licences; and the suspension and cancellation of such registration and licences; (l) the form of applications for registration and licences under this Act and the fee, if any, to be paid in respect of any such applications; (m) the collection of any information or statistics in respect of the coir industry; (n) any other matter which is to be or may be prescribed. 1[(3) Every rule made by the Central Government under this section shall be laid as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if[2] [before the expiry of the session immediately following the session or the successive sessions aforesaid], both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.] CHAPTER I PRELIMANARY 1. Short title, extent and commencement.— (1) This Act may be called the Coir Industry Act, 1953. (2) It extends to the whole of India except the State of Jammu and Kashmir*. (3) It shall come into force on such date[2] as the Central Government may, by notification in the Official Gazette, appoint.