Bare ActsThe PUNJAB STATE AID TO INDUSTRIES ACT, 1935

Section 37

Amendment status not verified — confirm the current text below against the official source.

When an application is allowed, the Director besePecifed i ohall, subject to and in accordance with any rules that plication is al- may be made under this Act, make an order specifying lowed. the following particulars, namely— (a) the amount of each instalment of rent to be paid for the hire of the machinery and the number of such instalments to be paid before the machinery shall become the property of the hirer; (b) the amount of interest, if any, to be paid with each instalment of rent on the remaining un- paid instalments; (¢) the dates on which and the manner in which the aforesaid payments shall be made; and (d) such other particulars as may be preserid- ed. ‘

Section 37 – The PUNJAB STATE AID TO INDUSTRIES ACT, 1935 | DailyLaw.ai