Amendment status not verified — confirm the current text below against the official source.
(1) The State Guver~~mcnt or the authority who has sanctioned the Statc-aid may, after consi- dering the explanation, if any, offered by tho owner of any industry, ordor termination of State-aid sanctioned to such industry on any of the following grounds, namcIy: - (b) that thsre has been breach by the owner of the industry of the provjsions of this Act or of any 1~u1e madc thereunder or of any condition of the grant; (c) that the application on which the State- aid has bccn granted contained or was accompanied by any material statement by the owner which he knew to be false, or that thcro has been any intentional concoalmeni by him of any material fact which, in the opinion of the State Govern- mcnt or the said authority it was his duty to disclose or that any suc5 false statement or concealmeat was intentionally made in any enquiry held under this Act or in any return furnished under this Act or in any reply to any requisitio? for information issued under this Act or with the connivance of the owner or person in charge of fhc management of the industry (4 that the grantee has failed to comply with any order under clause (a) of section 10 or does not permit or objects to the inspection of the accounts of the industry or makes default in cornplying with the provisions of any o f the clauses (c), (d) and (e) of section I0 ; or (e) that the industry is being managed in such a manner as to impail, the repayment of the value of the State-aid granted thnreto. (2) Subjcct to such conditions or rmesfrictions as may be pi-escribcd, the State Government may ddegate io such authority as may be proscribed, its power under sub-section (1) to terminate tho State- aid of an amount or value not exceedkg thirty thousand rupees iu respect of any o m industry. (3) Any person aggrieved by an order, other than an order passed by the State Government, terminating the State-aid may prefer an appeal to such authority and within such period as may be prcscri bed, (4) The appellate authority may, after hearing the parties concerned and after holding such enquiry as may be prescribed, pass such orders as it may dcem fit. Rr:ll~ytyrneut b i loans.