shall be the duty of thc Board- — Pb. Act V STATE AID TO INDUSTRIES - 249

11 shall be the duty of thc Board- (u) to reporc to the '[State] Government aftcr such enquiry, if any, as it deems necessary or as may bc required by this Act, on applications for State %d tha hay be ieferred to it for ' ppy advice by the ' [State] Gov~rnment;'~[or any officer authorized in this behall by it]; (b) La advise the ![State] ~obernmenl on any matiers Ulat may , -be referred to it : 6[Providcd that the State Government shall not sanction State Aid wilhout reference to the Board except in the case of a loan :- (a) sanctiuncd for the payment of Central Sales Tax; or (b) the amount of which does no1 exceed ten thousand rupees.) , - If the '[state] ~6iernment so directs; the Secrbtary shall lorward to the [S htd Government any document and prepare and submit any report relaring to the work of the Board. CHAPTER- IU : :GENERAL PROV[SIONS REGARDING . , G . , GGLV~NG OF STATE AID The forms of the stau: aid which ,. . wh,. i . may be givcn may include, he following, namely,:.--, * .. . , .. - 'I , , ' : the grant oP a loan ; (b) , , the grant sale or lease ol land, raw matend, firc-wdod, wekr or any olher property 2[vestcd] in 3[~ovcmrnentl'for the purpdses'ol the "[State] ; Subslituted lor ~e word "Provincial" by hc Adaptation ol Laws Ordcr, 1950. Substitu~cd fora& words;:'of thc Local Government" by lhe Governrnen~ of India (Adapration or Indian taws) Order, 1937. Substiruled for thc words "13s Majesty" by. rhe Adaplation of Laws Ordcr, -1950. Subsriluled Tor be word "Provi?ce" by Ihe Adaplalion bf laws Ordcr, 1950. hscned by Punjab &L 12'0~ 1959. ' Snbsrituled by I-Iaryana Act I5 of 1978. .: 8. I Duly of Board. Documcnls and rep or^ 10 be Furnishcd LO he S~atc Governmcnr. FO~S or S~R aid. hdusrries lo wliicb several forms of Slate aid may bc given. -. , , Power to grant Ibans. Securiry for repaymen[- [I935 : Pb. Act V '[(c) the paymenr of a subsidy, in the cast of a cottage industry or village industry for any purpose ; and in thc casc of any o&er industry for the conduct of research or thc purchase af machinery] ; (d) the suppIy of machinery on the hire-purchase system; ,' (e) thc guarantee of a rninhurn return on the whole or part of thc capital of a joint slock -, ck -, company , c, invested in an industry. State ai-d rnay be givcn to- (a) a new or nasccn~ indusuy; (b) an indusuy to be newly e-stablishcd in an area where such , industries are undeveloped; , . .. , n, d. ope.. , (c) a cottage industry '[or village industry]; or (d) an industry w,hich needs revival, or development'by modem methods. Application t 19. Applications for State aid shall be made to the Dircctor in p stare aid-. slich form, and shall contain such information as may be prescribed. CHAPTER IV ,. PROVISIONS REGULATING THE GIVING 01: Spa AD ' ' OlHERWISE THAN BY THE SUPPLY OF MACHINERY ON THE HIRE-PURCHASE SYSIEM Loansgran~dunderthischaptershdlbesubjectto thesanction of the >[State] Government given after consultation with the Finance r)cparhneht, providcd that h regard to loans not exceeding a: prescribed amount, the 3[State] Government may make rules delegating their powers to such authority or officer as hey deem fit. . .. . 'I(!) (a) On he accep~ancc or an application' for a loan, the applican~ shall execute a deed in the prmcribed form,,'bndcrtaking to apply the loan to the purpose for which, and to fulfil the conditions on which, Ihe loan is granled, rendeag himself &d such propeay as may have been specified in the deed as security,, including machinery ,...

Section 11