Power of Government to make rules

(3) [Clause omitted by Adaptation Order of 1937]; (4) the manner of making applications for State aid and the information to be given in such applications, provided that no such rules shall require any applicant or grantee of aid to divulge any information relating to the technical details of any process or any patent owned by him; (5) the manner of conducting inquiries and the matters to be specially inquired into in dealing with applications for State aid and the powers to be exercised by the sanctioning authority conducting such inquiries; (6) the mode of ascertaining the value of the assets of an industrial business or enterprise or of any property offered as collateral security for a loan; (7) the nature of the security to be taken for the due application of loans and grants and the rate of interest at which and the conditions under which loans or grants may be given, and the creation of a mortgage, floating charge or collateral security under section 10; (8) the inspection of the premises, buildings, plant and stock on hand and the accounts of any industrial business or enterprise for which State aid has been granted; (9) the mode of keeping and auditing the accounts and of furnishing returns of any industrial business or enterprise in respect of which State aid has been granted; (10) the appointment and functions of Government directors or the prescribing of other methods of control of industrial businesses or enterprises in respect of which State aid has been granted; (11) the application of profits in cases in which the conditions under which loans or grants have been made have not been fulfilled; (12) the guaranteeing by the State Government of cash credits, overdrafts or fixed advances by banks and the recognition of banks for this purpose; (13) the fixing of the period for the repayment of loans and the conditions and dates of the repayment of subsidies and grants; (14) the recovery of any moneys due under this Act; (15) the conditions under which and the security on which loans shall be granted or guarantees of a cash credit, overdraft or fixed advance with a bank given to any industrial business or enterprise under this Act; (16) all matters connected with, or relating to, the grant of aid by the Director of Industries and Commerce under section 17-A, including all matters referred to in the foregoing clauses which are applicable to such grant. (c) All rules made under this Act shall be published in the Fort St. George Gazette and, unless they are expressed to come into force on a particular day, shall come into force on the day on which they are so published. (d) Every rule made under this Act shall, as soon as possible, after it is made, be placed on the table of both Houses of the Legislature, and if, before the expiry of the session, in which it is so placed or the next session, both Houses agree in making any modification in any such rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.