Particulars to be specified in the order when application is allowed

When an application for the supply of machinery on hire purchase system is allowed, the sanctioning authority shall, subject to and in accordance with any rules that may be made under this Act, make an order specifying the following particulars, namely:— (a) the amount of each instalment of rent to be paid for the hire of the machinery and the number of such instalments to be paid before the machinery shall become the property of the hirer; (b) an amount of interest, if any, to be paid with each instalment of rent on the remaining unpaid instalments; (c) the dates on which and the manner in which the aforesaid payments shall be made; and (d) such other particulars as may be prescribed.