Bare ActsThe KERALA STATE AID TO INDUSTRIES ACT, 1963

Section 19

Power of Government to adjust security during currency of loans

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

Power of Government to adjust security during currency of loans.—If at any time the amount of any loan outstanding together with such interest as may be due thereon on account of any State aid given is found to exceed the percentage fixed under sub-section (1) of section 13, the Government may either recover so much of such balance as is in excess of such percentage or take such additional or collateral security as they may deem sufficient.

Section 19 – The KERALA STATE AID TO INDUSTRIES ACT, 1963 | DailyLaw.ai