The Telangana State Aid to Industries Act, 1976.
telangana · 1976
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1The Andhra Pradesh State Aid to Industries Act, 1976 received the assent of the Governor on 18
- S. 2Substituted by G
- S. 3Section 3 establishes a Board of Industries to advise the government on granting aid under the Telangana State Aid to Industries Act, 1976.
- S. 4Section 4 outlines conditions for industries eligible for government aid in Telangana, specifying types of industries and legal requirements.
- S. 5Section 5 provides guidelines for the implementation of the Act's provisions and establishment of rules.
- S. 6Section 6 authorizes the Director to grant industry aid subject to government conditions, with a loan cap and immunity from legal challenge.
- S. 7(1) Every application for aid of an amount exceeding ten thousand rupees shall be made to the Director in the prescrib
- S. 8Section 8 of the Telangana State Aid to Industries Act, 1976 requires loans over rupees two hundred to be secured by property or assets, with exceptions for industrial co-operative societies.
- S. 9Section 9 prohibits the transfer of property used as security for state aid without government permission, though the government can allow it if conditions are met.
- S. 10Section 10 protects specified properties from court attachment or sale without prior sanctioning authority permission.
- S. 11Section 11 mandates loan applicants and grantees to comply with government inspections and prescribed audits of their industry.
- S. 12Section 12 allows the Director to exercise government powers under sections 8 and 11 when granting aid.
- S. 13Section 13 allows the government to control and supervise industries receiving loans over one lakh rupees to ensure proper utilization.
- S. 14Section 14 specifies the interest rate, payment schedule, and maximum term for loans under the Telangana State Aid to Industries Act, 1976.
- S. 15Section mandates recipients of state aid to provide prescribed apprentice training as directed by the government.
- S. 16Section 16 restricts excess profit distribution and mandates reserve fund creation for unfulfilled aid conditions.
- S. 17Section 17 allows the government to terminate and recover aid and associated costs if the industry misapplies aid, breaches the Act, or manages the industry poorly.
- S. 18The section allows the government to set fees for applications, inquiries, inspections, or audits under the act.
- S. 19Section 19 outlines the various ways the Government can assist industries, including purchasing products, starting new industries, and providing services or training.
- S. 20Section 20 allows recovery of unpaid industrial aid and related costs from recipients and their sureties as land revenue arrears.
- S. 21Section protects individuals from legal actions for good faith actions taken under the Act.
- S. 22(1) The Government may by notification, make rules for carrying out all or any of the purposes of this Act
- S. 23Repeals previous state aid acts for industries in Andhra Pradesh's Telangana area and applies general clauses for continuity.