section 42
Termination of hiring on payment of cost of machinery
The Jammu and Kashmir State Aid to Industries Act, 1961General196147 sections6 chapters
Chapter V SUPPLY OF MACHINERY ON HIRE-PURCHASE SYSTEM
Statutory text
Termination of hiring on payment of cost of machinery.- When, after credit has been given for the amount deposited under section 36, the hirer has paid in full all the instalments of rent mentioned in clause
- (a) of section 37 and the amount of interest, costs and other charges payable by him under this Chapter, he shall become the owner of the machinery and shall thereupon remove from the same the metal plate mentioned in clause
- (e) of section 38 :
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