Bare ActsThe Punjab State Aid to Industries Act, 1935

Section 37

Whcn an application is allowed

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Whcn an application is allowed. the ~irectof shdl, subject to pluuculns LO andinaccordancewithanyrulcsthatmay bemadeunderthisAct,make bcsPcifi*in an ,order specifying the following particul;irs, namely :- . order when appIication is (a) k e amount of each instalmcnl of rcnl to be paid for rhe hire allowed. of the machinery and the number of such instalrnents to be paid beForc ihe machincryshall become the p~opcrQ of the hirer; , . (b) the anlount of intcres~, if any, to be paid with each ins talmcnr of renl on the remaining unpaid instalrnents ; (cJ the dates on which and the manner in which thc aforesaid paymcnls shall bc made ; md , -

Section 37 – The Punjab State Aid to Industries Act, 1935 | DailyLaw.ai