State Act
8C
Section 8C. Funds for regulation of adequate storage facilities in respect of molasses.
THE BIHAR MOLASSES (CONTROL) ACT, 1947
Act no. 6 of 19471947In forceBihar (State Act)
2[8C. Funds for regulation of adequate storage facilities in respect of molasses. - (i) Every owner, occupier and manager of sugar factory shall, for the purposes of construction and maintenance, of adequate facilities for the storage of molasses, place in a separate fund such amount calculated at the rate as may be prescribed by the Government by notification: Provided that the amount as aforesaid shall not exceed one-third of the price received in accordance with the rate prescribed in the Schedule referred to in section 8-A. (ii) The fund referred to in sub-section (i) above shall be accounted for, maintained and operated in the manner prescribed by rule framed in that behalf.]