Amendment status not verified — confirm the current text below against the official source.
(1) A11 moneys recoverable under this ha pi- under this er includ,ing any interest- chargeable >-hereon and it& Chapter' ~ ~ ~ f s ; . - i f apy, incur~qd, .if qot paid when they aredue, lip~y; on .a.:iequisitiop made by the Direcfor; be!i&eb- - ,+fed from! ' the person aided.,and his sur 9, if.;&Ff5 it& $f t& &@re;a rrears of. public*. demand, %-:* L # ! , c. . , ,,.. .- A ". ..- :. ' + < I : : + - . - ,, . , <aivfi: , ' I!, - r - en .$i)T 1.;; mo-qe - , . y, hqb, i s , piid'fQ $)-$, .gid$i& , brAQ# %&ya. ~ ' t r~;r&d+$r~d.~raW tp : bt;BhF$YHis &by $he ,4?ir<ard~,, !he ,;Di~e~tbs - s4a11,. , t l;e -,of? 2v, . . , 4 ,-,ap B$c .Ba$p: ~ f . @ .surety, $g far- &s $ossble, , , .+<, ;:. tekdv$r ,. , , ? ,-- :,'&$ $ w ~ B , fro@'the persw aided <4y4 -,~qy- I! ,! YO, 'iJe '- sutet'y. 0 . . ,,., ,, ! . - . 0 . , ., ..,? . * ,. 8 . J;,-;c: .,ti (3) Where any industrial concern under liability - ! ,(to, t~e,:Si~'-!Gov~rgment~ makos 'ally defaultrin the . , .. . . -I,.-' . . . ;l matkc ofitispayment of any Joau or advmcs, i OF. '. '- : insfalmept thereof or' othe~wise fails d o ~ m g d y mi& , L ,'!#. , ;:tbe)tems;of:.t~e agreement;-the,3D;irwbrj,with!g y&pv io4 safeguarding ,the interest afi the? Gowernnzledt :md -i s.wurit$of the Golrernment dues. lad: xfielt: .; gi~ing . dmsopihle :notice. to the parties in. d~fa.ult,?~haIl, ,jsubje@-@::the control.,~f the: State .G~wram&t, ,haye - thd:dig$t: .to take possessi~n of the. as-sets o:rrtf.~(&ke , ..ovh~ the ; management of the indust~id: ,; ~ o i i w ~ ~ ~ :@s !mu.. as ?the. ,right to ;transfer by way~o;f Ie,se: or s3Je tho property pledged, mortgaged, hypntbe~tec;!: .or assigned to the State Goveixment and to realise the ...$ he dues gfthe:State Goveirnment:. ' , . . . r n :r . f'" Provided .that wher~ the panag~rjiiiit~~~of, ,'@d&&l c6ncer.n is taken over- by t& : Direc tb.r, he sba!l,bglde.qyd to be the owner o f the conckip fhr *-t& i~urposes of suit; by or against the co$e@;aiid , , , '&AIL bue and:he sued in the qameaf the copcbm:, , -. , . " - - , .: , . (4) 'hy.transfer of property made by the ' r ~ i r i ~ t - or in exercise of his powers under sub-section (3) ah311 vest in the tr ansfesee all rights, in ,or t s the property transferred as if the transfer had been made by the owner of the property. .", ... 24. (1) -The Governlnent may charge in LCVY of foa resgjpt - !of+ .- ;~pplisatibns, enquiries, inspections and apdit by waomsoover made under the provisions of this Act,-such fee as may be pi.e,scribed. , , (2) The State Government may charge such fee $S .- g a y be prescribed for any guarantee,given by it ripder the provisions of this Act. 1 ., , CHAPTER XV , ' . , SupflJ! , . of machinery on the hire-purchzi'~e*s~stem C ' 2% No machi-nelry shaI1. be aupplied on hirc- Pcrccntage pWcLi;ise system1 unBss the appl.icant-.foil the State-aid ~~~~~~1~~ $ dcposites wit& -the, Director such.pe'rken.tagi= (not being hlrcr. beIow : ten .per cent) of the cost.. thereof as may bo prmafiibed.. . ... , . 1 23, Whvn an application for such St-iie-aid is all- topjcc- ~ y p d ' the Director shall, subject. €0 and, &acdbrdance 4 in with 'any 'rules that may be made. - ~ a d e r this Act, order whm application malte an- order specify jng tho followipg' particulars, .II.,&. ' ' ,'!$p# :!T . - , , : :(a) khemuount?f-eaoh ;inistalrrient. of rent to . ,, . -. . : ..:':::[be. :paid,30r the hire.,of.tha.,mchinery and . I . ! !I : m~-the.~numh~.ofsu~b~instaImentstobe paid before the mactzine~y~ shaU become tho property of the hirer; . . .. (b), the amount of interest, if :any, to be paid . . along. with each instalmont of rent on the t remaining unpaid instalment; , '(c) the dates on which and the manner in which the aforesaid paymsnt shall be made; and (4, such other particulars as may be prescribed. {'' '24. Until the hiring is terminated in the m m e r c ~ n d i a ~ n . hcreinarteter provided, the following provisions shall ~~~~?~a ,,~ppJly~ namely:- hjfc"' &dl- ,.;r ,',; ' + & sysf&&::' ., (i) the .hirer shdl pay punctually without' ' s : . . - - , . : demand, the instalrnents of rent and m- . ,, .,:. - , - unt sf interest.specified in the o~der refer- ? , . , . . red to. in section 23; r ! r . . . . 900 TEfS ORISSA STATE -AID TO INDUST RJES ACT, 1478 [Or. Act (b) the hirer shau retain the machinery in his own possession in good and serviceable condition and shall not without the previ- ous written consent of the Director make any addition thereto or alteration therein, nor shall remove the machinery from the premises specified in the application for the supply thereof; (c) the machinery shall remain &e sole and absolute property of the State Government and any transfer thereof or assignment of any right, tide or interest therein or the creation of any mortgage, encumbrance or any other charge thereon by the hirer shall be void as against the State Government unless it has been made with, the previous written consent of the Director; (d) Th? machinery shall not be liable to &st- ralnt, attachment or sde by any process . , . under any law for the time being in force; (e) the machinery shall bear a metal pIate in ~e prescribed form and any person who . . wilfully removes or defaces such plate shall be liable to a fine not exeeding five hmdred rupees and it shall be presumed until the contrary is proved that the machinery bearing such metal plate is the property of the State Government hired out under this Chapter; (f) the hirer shall permit the Director or any person acting under his authority ia this behalf to inspect the machinery at all reasonable times, and the Director or such other person shall have all such powers of entry as may be necessary for the purpose of making an inspection; and (g) the hirer shalI be bound by such other conditions as may be prescribed or as may be imposed by the Director in any particular case. ~enslqutn- ces of default 25 If the hirer makes default in payment of the by ,, ce, rent of the machinery, the interest or any other charges payable by him under this Chapter, or fails to comply with any of the conditions specified in or imposed on him undor section 24, the Director may, after wnsidering the explanation, if my, offered by the hirer, terminate the hiring, and may himseIf enter or authorise any other officer in this behalf, to enter upon the premises, in which the machinery, for tbe time being, is kept and seize and tako away the same, whether such premisea belong to the hirer or not.