Bare ActsThe Himachal Pradesh State Aid to Industries Act, 1968

Section 33

Disposal of profits when conditions on which State aid is given are not fulfilled

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

Disposal of profits when conditions on which State aid is given are not fulfilled.-No borrower shall pay any dividend or distribute or take any profits in excess of such percentage rate upon the amount of the capital of the industry as the State Government may,form time to time, fix, until the conditions on which the State aid has been granted are fulfilled.

Section 33 – The Himachal Pradesh State Aid to Industries Act, 1968 | DailyLaw.ai