Amendment status not verified — confirm the current text below against the official source.
Punjab Government notification No. 42-1&L-31/ 2766 dated 23rd Jenuary, 1937, b end ‘Clause (1) omitted by the Punjub Reorgantsation (Chandigarh & Himéchal Pradesh) (Adeptation '.ijLu\\'s ox‘) Coocurrent and Ste'¢ Subjects) Ordey 1666, | 1935 : Pb. Act V ] AID TO INDUSTRIES 973 - on, if any, and the rate - of interest at which and the conditions under which State aid may. granted: Provided that where the security consists wholly or in part of the premises, machinery, stock, stores or other property, present or future, movable or immoveable of the industry con- cerned, then the whole of such property pre- sent and future, moveable and immoveable, may be made liable for the recovery of the loan and all interest due thereon, if any; (g) the inspection under section 26 of the pre- mises, buildings, machinery and stock-in-hand the mode of keeping and auditing the account and furnishing returns of any industry in res- pect of which State aid has been given; (h) the manner in and the place at which notices or orders may be served on any borrower; (i) the form of the declaration to be used under section 24; (j) the fixing of the period for the repayment of loans; (k) the application under section 33 of profits in the case in which the conditions on which the State aid has been given, have not been ful- filled; (1) the appointment and functions of directors ap- pointed by the ![Central Government] under section 34 and the prescribing of other methods of control of industries to which State aid has been given; (m) the percentage of the cost of machinery to be deposited under section 36; the words “S_ut_a Government" the Reo;?:r?i:'al&?:d(é%randigarh and Himachal Pradesh) Adaptation o Laws on Concurrent and State Subjects) No. 2 Order, 1968, Pl.u\ln'b -y 974 AID TO INDUSTRIES [1935 : Ph, A¢q v ----- (n) the ‘additional ‘particulars to ‘be-- sp | the order - referred to in section 37 ec:f,fidtfi“ conditions on which machinery may he g i plied on the hire-purchase system; . (0) the form of the metal plate referred to in clause (e) of section 38; (p) the form of notice under section 39; (q) the recovery of any sums payable under this Act; and (r) all other matters pertammg to the working of this Act. Repeal. 47, The Punjab Industrlal Loans Act, 1923, is here- 1 by repealed. B g ‘:‘Qa, Lipav 7o Tk 12987 LR— Govt. Press, Chd.