Amendment status not verified — confirm the current text below against the official source.
Disposal of profits when condtlwn of State aid 1s 11ot fufjtlled.-( 1) During the continuance of State aid to any industry the profits of such industry shall, if d1stnbuted, be d1suibutcd only after intere-.t due on debentuies and loans has been paid and a 1 easonablc amount has been set aside for depreciation 01 obsolescence of machinery and buildings and a further reasonable amount has been carried to reserve fund to be utilised in the prescnbed manner. (2) No dividend shall be paid to shareholders and no profit shall he taken by the owner in exce:,s of such percentage rate upon the 208 amount of the capital of the industt y as the Government may fix from time to time during the continuance of State aid to any industry.