Amendment status not verified — confirm the current text below against the official source.
Conditions of supply of machinery on hire purchase system.—Until the hiring is terminated in the manner hereinafter provided, the following provisions shall apply, namely:- (a) The hirer shall pay punctually without demand the instalments of rent and amount of interest specified in the order referred to in section 25. 13 (b) The hirer shall retain the machinery in his own possession in good and serviceable order and condition and shall not, without the previous written consent of the sanctioning authority either make any addition thereto or alteration therein, or remove the machinery from the premises specified in the application for the supply thereof. (c) The machinery shall remain the sole and absolute property of the Government and any transfer thereof or assignment of any right, title or interest therein or the creation of any mortgage, encumbrance or any charge thereon by the hirer shall be void unless it has been made with the previous written consent of the Government. (d) The machinery shall not be liable to distraint, attachment or sale by any process under any law for the time being in force without the written sanction of the Government. (e) The machinery shall bear a metal plate in the prescribed form and any person who wilfully removes or defaces such plate shall on conviction be punishable with fine not exceeding five hundred rupees. (f) The hirer shall permit the sanctioning authority or any person authorised by the sanctioning authority in this behalf to inspect the machinery at all reasonable times, and the sanctioning authority or such other person shall have all such powers of entry as may be necessary for the purpose of making an inspection. (g) The hirer shall insure the machinery against any loss or damage for such amount and in such manner as may be prescribed and shall assign in favour of the Government the policy of such insurance. (h) In addition to the foregoing conditions, the hirer shall be bound by such other conditions not inconsistent therewith as may be prescribed by the Government or may in any particular case be imposed by the sanctioning authority.