section 29
Termination of hiring on payment of cost of machinery
The Odisha State-Aid to Industries Act, 1978General197839 sections5 chapters
Chapter IV SUPPLY OF MACHINERY ON THE HIRE PURCHASE SYSTEM
Statutory text
When the hirer, after deposit of the percentage of cost with the Director under section 22, has paid in full, all the instalments of rent, mentioned in clause
- (a) of section 23 together with the interest, cost and other charges payable by him under this Chapter, he shall become the owner of the machinery and shall thereupon remove the metal plate mentioned in clause
- (e) of section 24:
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