Bare ActsThe Madhya Pradesh State Aid to Industries Act, 1958

Section 18

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If at any time the outstanding balance of the loan granted under this Act is found to exceed the percentage fixed under section 15, the State Government may either recover much of such balance as is in excess of such percentage or accept such additional or collateral security as it may deem sufficient. Power of State Government to so adjust security during currency of loans.

Section 18 – The Madhya Pradesh State Aid to Industries Act, 1958 | DailyLaw.ai