Contribution to the fund

(1) Every landowner holding more than half a hectare but less than one hectare in extent of agricultural land shall pay contribution to the Fund at the rate of Rs. 10 per annum for the land held by him and those holding one hectare and in excess thereof in extent of agricultural land shall contribute Rs. 15 per annum per hectare of land or part thereof held by him in the manner prescribed. (2) Every registered agricultural worker shall pay contribution to the Fund at the rate of Rs. 5 per mensem. (3) Any loan, grant or advance made by the Government of India, the State Government, a local body, or any other institution shall be credited to the Fund. (4) The loan, grant or advance made by any authority or institution shall be utilised for no purpose other than the purpose for which it was given. (1) A person shall be disqualified for being nominated as or for being a Director if,- (i) he is declared to be of unsound mind by a competent court; or (ii) he is undischarged insolvent; or (iii) he has been sentenced by a criminal court to imprisonment for a period of more than two years for any offence involving moral turpitude. (2) If any question arises whether any person is disqualified under sub-paragraph (1) it shall be referred to the Government and the decision of the Government on any such question shall be final.