Constitution of Fund
Section 7 of the Textiles Committee Act, 1963 deals with constitution of Fund. The Committee shall have a Fund to be called the Textiles Fund and there shall be credited thereto-- (a) all moneys transferred to it under clause (a) of sub-section (2) of section 24; The Act came into force on 22 Aug 1964.
(1) The Committee shall have a Fund to be called the Textiles Fund and there shall be credited thereto--
(a) all moneys transferred to it under clause (a) of sub-section (2) of section 24;
1[(aa) the proceeds of the duty of excise made over, to the committee by the Central Government under section 5F;]
(b) all moneys paid by the Central Government under section 6;
(c) all fees and other charges levied under this Act;
(d) all moneys received by the Committee by way of grant, gift, donation, contribution, transfer or otherwise.
(2) The moneys in the Fund shall be applied for--
(a) meeting the pay and allowances of the officers and other employees of the Committee and other administrative expenses of the Committee;
(b) carrying out the purposes of this Act.
(3) All moneys in the Fund shall be deposited in the State Bank of India or be invested in such securities, as may be approved by the Central Government.
Section 7, The Textiles Committee Act, 1963 (Act 41 of 1963).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 2
Questions about Section 7
What does Section 7 of the Textiles Committee Act deal with?
Section 7 of the Textiles Committee Act is headed "Constitution of Fund". The Committee shall have a Fund to be called the Textiles Fund and there shall be credited thereto-- (a) all moneys transferred to it under clause (a) of sub-section (2) of section 24;
How do I find court cases under Section 7 of the Textiles Committee Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Textiles Committee Act 1963 7, section 7 Textiles Committee Act 1963, section 7 of the Textiles Committee Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 7 of the Textiles Committee Act, and has it changed?
Its own text turns on section 5F (Payment of proceeds of cess to the Committee), section 6 (Grants by Central Government to the Committee), section 24 (Repeal and Saving), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When did Section 7 of the Textiles Committee Act come into force?
Section 7 of the Textiles Committee Act, cited as Textiles Committee Act 1963 7, came into force on 22 Aug 1964, having been enacted on 03 Dec 1963. It is in force as at the date shown on this page.
Other sections of this Act
- 22. Power to make rules438 words
- 5A. Imposition of cess on textiles and textile machinery manufactured in India373 words
- 5C. Hearing of appeals by Tribunal343 words
- 4. Functions of the Committee338 words
- 2. Definitions330 words
- 17. Power to prohibit exports and internal marketing of textiles and textile machinery267 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 24 Oct 2026. This page is not a substitute for legal advice.