Bare ActsThe Odisha State-Aid to Industries Act, 1978

Section 19

Notwithstanding anything contained in any aidd indust- 0 t h provision of this Chapter, if in any case thc HCS

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Notwithstanding anything contained in any aidd indust- 0 t h provision of this Chapter, if in any case thc HCS. amount or value of the Stato-aid given thereunder amounts to or exceeds two Iakhs of rupees, or the face vaIue of the shares heId by tile Stato Govern- ment exceeds twonty-five por coat of the value of the authorised share capital, tho State Government, shall, and in any other case may, by appointnient ,of Government directors o theywise, take .power t~ -ensure such control over the industries as shall be shacient ,in its lop,inion to safe-guard its interest. Recovew of money due

Section 19 – The Odisha State-Aid to Industries Act, 1978 | DailyLaw.ai