Amendment status not verified — confirm the current text below against the official source.
No recipient of State-aid shall pay any P dividend or distribute or take any profits in excess pro fits wbsn condidom of of such permnttige of the capital of the industry as stat~ald ~t the State Government may, from time to time, fix m d . u n ~ l the conditions on which State-aid has been granted are f a l e d . The balance of the profits after necessary amounts have been set aside for deprecia- tion or obsoles&fice of plant, machinery ' and buildings and for the payment of interest on deben- mres or loans, shall be carried to a reserve fund to be utiIised in such manner as the State Government may approve : Provided that the State Government may relax the provisions of thia section in the case of any jndustry aided by the grant on favourable terms, of loan or raw materials, fuel, water or any other property or right of the State Government or the grant, free of charge or on favorable terms, of services of experts or person in the service of the State Government or by the payment of a subsidy for the conduct of research. Govcrnmcnt conrrol of