Vidhi Codex

The Puducherry State Aid to Industries Act, 1970

The Puducherry State Aid to Industries Act, 1970

General197025 sections

AN ACT to regulate State Aid to Industries in the Union territory of Puducherry. BE it enacted by the Legislative Assembly of Puducherry in the Twenty-first

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  1. 0. Preamble
  2. 1. Short title, extent and commencement.
  3. 3. Appointment of Director of Industries.
  4. 4. Constitution of Board of Industries.
  5. 5. No aid except in accordance with the provisions of the Act.
  6. 6. Industries to be aided.
  7. 7. Method of giving State aid.
  8. 8. Application for State aid and procedure in dealing with applications.
  9. 9. Grant of loans.
  10. 10. Loans how secured.
  11. 11. Prohibition of transfer of property without permission of the sanctioning authority.
  12. 12. Court not to attach, sell etc., without permission of the sanctioning authority.
  13. 13. Inspection and returns.
  14. 14. Control of business assisted.
  15. 15. Repayment of loans.
  16. 16. Subscriptions for shares or debentures or on capital.
  17. 17. Subsidy by the Government.
  18. 18. Disposal of profits when condition of State aid is not fulfilled.
  19. 19. Grant of aid to cottage industries by Government.
  20. 20. Power of Government to call for records and pass orders.
  21. 21. Method of recovery of money due.
  22. 22. Exemption.
  23. 23. Power to make rules.
  24. 24. Powers of the Government as regards starting or conducting industries and giving aid of certain kinds.
  25. 25. Repeal and saving.

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