section 16
Subscription for shares or debentures or guarantee of minimum return of capital
The Odisha State-Aid to Industries Act, 1978General197839 sections5 chapters
Chapter III Chapter III
Statutory text
The conditiclns of taking of shares or debea- brdl=csor t~re~ by the State Government or the guarantee leben~urcs or of a minimum return on the whole or part of the luinlmrrm capital of any industry shall be- ; durn of r apital.
- (a) that the industry shall be subject to the conditions laid down in section 10 in respect of inspection and returns ; and
- (b) that for all shares and debentures takeri by the State Government, there shall be taken by the other pexson shares or debentures of an amount which shaU be1 at least fifty percenturn of tho amount paid by the State Government.
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