section 23
Particulars to be specified in the order when application is allowed
The Odisha State-Aid to Industries Act, 1978General197839 sections5 chapters
Chapter IV SUPPLY OF MACHINERY ON THE HIRE PURCHASE SYSTEM
Statutory text
When an application for such State-aid is allowed the Director 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) the amount of interest, if any, to be paid along with each instalment of rent on the remaining unpaid instalment;
- (c) the dates on which and the manner in which the aforesaid payment shall be made; and
- (d) such other particulars as may be prescribed.
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