Bare ActsThe Punjab State Aid to Industries Act, 1935

Section 38

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

Until-lhc hiring is terminated in lhc manner hcrcinafter supply of provided, the following provisions shall apply, namely :- machinery on - birc purchase svs~ern . (a) The hirer shall pay punctually and wirhout dcrnand Ihe instalmenis ol rent and amount of intresr specified in rhc -, ----- order referred to in secLion 37. (b) The hirer shall retain the machinery in h~ own possession in good and serviceable order and condition and shall not, without the prcvious written consent of Ihe Dircctor, makc any addition thereto or alteralion thcrcin, nor removc [he machinery or any part thereof from [he premises specified in Ihe application for the supply thereof. (c) The machinery shall remain lhe sole and absolute of the 2[Govergmcnt]], and any transfer thcreof or rtssigmcnr of any right, tit@ or interest herein or the creation of any mortgage encumbrance or any oher charge thereon by [he hirer shall be void as against the 3[Stak] Government unlcss it has been made with the previous written consent of lhe Director. (dl The machinery shall not be lia5le to distraint, attachment or ' , saie by any process under any law for the time being in force, otherwise than under this Act. (e) The machincry shall bear a metal plate in the prescribed form, and any who ~ i l l l ~ l l ~ rcrnoves or defaccs such piate shall be liable to a fine not exceeding five hundred rupees. It shall be presumed until the contrary is proved that mach_ineq bearing such metal plate is the [property of the 2[Government]] hired out under this Chapter. (D The hirer shall permil [he Director or any au thorixcd by the Director in this behalf to inspecl Ihe machinery a1 all - reasmable times, and the Director or such other person shall havc all such POWC~S of entry as may be necessary for the purpose of making an inspection.

Section 38 – The Punjab State Aid to Industries Act, 1935 | DailyLaw.ai