Bare ActsThe KeralaState Aid toIndustriesAct,1963-34of1963

Section 19

Powc1 of Govmnne11t lo ad1ust security during cwre11cy ef loans

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Powc1 of Govmnne11t lo ad1ust security during cwre11cy ef loans.- If at any time the amount of any loan oumandmg together with such interest as may be due thereon on account of any State aid given i<> found to exceed the percentage fixed under sub-section (I ) of c;ecuon 13, the Government may either recove1 so much of such balance as is in excess of such percentage or take <;;uch additional or collateral security as they may deem sufficient. '

Section 19 – The KeralaState Aid toIndustriesAct,1963-34of1963 | DailyLaw.ai