The main functions of the Board as laid down in Section-10 of the Coir Industry Act are given below:

It shall be the duty of the Board to promote by such measures as it thinks fit the development, under the control of the Central Government, of the Coir Industry.
Without prejudice to the generality of the provisions of Sub Section (l) the measures referred to therein may relate to:(a) Promoting exports of coir yarn and coir products and carrying on propaganda for that purpose;

(b) Regulating under the supervision of the Central Government the production of husks, coir yarn and coir products by registering coir spindles and looms for manufacturing coir products as also manufacturers of coir products, licensing exporters of coir yarn and coir products and taking such other appropriate steps as may be prescribed;

(c) Undertaking, assisting or encouraging scientific, technological and economic research and maintaining and assisting in the maintenance of one or more research institutes;

(d) Collecting statistics from manufacturers of, and dealers in, coir products and from such other persons as may be prescribed, on any matter relating to the coir industry, the publication of statistics so collected or portions thereof or extracts therefrom;

(e) Fixing grade standards and arranging when necessary for inspection of coir fibre, coir yarn and coir products;

(f) Improving the marketing of coconut husk, coir fibre, coir yarn and coir products in India and elsewhere and preventing unfair competition;

g) Setting up or assisting in the setting up of factories for the producers of coir products with the aid of power;

(h) Promoting cooperative organisation among producers of husks, coir fibre and coir yarn and manufacturers of coir products;

(i) Ensuring remunerative returns to producers of husks, coir fibre and coir yarn and manufacturers of coir products;

(j) Licensing of retting places and warehouses and otherwise regulating the stocking and sale of coir fibre, coir yarn and coir products both for the internal market and for exports;

(k) Advising on all matters relating to the development of the coir industry;

(l) Such other matters as may be prescribed.
The Board shall perform its functions under this section in accordance with, and subject to such rules as may be made by the Central Government.

Constitution of the Board

Coir Board is a statutory body established by the Government of India under a legislation enacted by the Parliament namely Coir Industry Act 1953 (45 of 1953) for the promotion and development of Coir Industry as well as export market of coir and coir products in India as a whole.
Section (4) of the Coir Industry Act 1953 empowers Central Government to constitute Coir Board. The Sub Rule 4 of the Coir Industry Rules, 1954 provides the number of persons to be appointed as members of the Board.

The relevant section of the Act is as follows:

With effect from such date as the Central-Government may, by notification in the Official Gazette, specify in this behalf, there shall be established for the purposes of this Act a Board to be called the Coir Board.
The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power to acquire, hold and dispose of property both movable and immovable, and to Contract and shall, by the said name, sue and be sued.
The Board shall consist of a Chairman and such number of other members not exceeding forty as the Central Government may think expedient, to be appointed by that Government by notification in the Official Gazette from among persons who are in its opinion capable of representing.(a) growers of coconuts and producers of husks, and coir yarn;(b) persons engaged in the production of husks, coir and coir yarn and in the manufacture of coir products;

(c) manufacturers of coir products;

(d) dealers in coir, coir yarn and coir products, including both exporters and internal traders;

(e) Parliament;

(f) the Governments of the principal coconut growing States;

(g) such other persons or class of persons who, in the opinion of the Central Government, ought to be represented on the Board.
The number of persons to be appointed as members from each of he categories specified in sub section 3, the term of office of, the procedure to be followed in the discharge of their functions by, and the manner of filling vacancies among the members of the Board shall be such as may be prescribed.
Any officer of the Central Government when deputed by that Government in this behalf shall have the right to attend meetings of the Board and take part in he proceedings thereof but shall bot be entitled to vote.