dated 23rd — Pb Act v, AID TO INDUSTRIES — Roop's Law Assist Statutes

2766 dated 23rd 'Clause (1) Punjab Government notification No. 42-1&L-31/ uary, 1937, ed b en by the Punjub Reorgantsation Punjab Gov Jenuary, 1937, mitted by the 'Clause (1) omitted Himéchal Pradesh) (Adeptation by the P Subjects) Ordey 1666, Himéchal Pradesh) (A Subjects) Ordey 1666, unjub Reorga '.ijLu\\'s ox') sation (Cha Coocurrent iga and h & Ste'¢ dated 23rd Jenuary 'Clause (1) omitted chal Pradesh) (Ad L- b h end No. 42-1&L-31/ , 1937, b en eptation by the Punjub Reorgantsation (Chandigarh & '.ijLu\\'s ox') Coocurrent and Ste'¢ | on, if any, and the rate - of interest at which and the conditions under which State ai on, if any, and the rate - of interest at which and the conditions under which State aid may. granted: granted: Provided that where the security consists wholly or in part of the premises, machin the security consists wholly or in part of the premises, machinery, stock, stores or other property, presen of the premises, stores or other property, movable , stock, present or future, t operty, prese movable or immoveable of the cerned, then the wh industry con- pro mmoveable of the industry con- cerned, then the whole of such property pre- sent and future, moveable and immove hen the whole of sent and future, moveable may be made liable for t operty pre- and immoveable, recovery of the future, moveable and immoveable, may be made liable for the recovery of the loan and all in the recovery o loan and all interest due thereon, if any; (g) the inspection mises, under section ma 26 of the prection under section 26 of the pre- mises, buildings, machinery and stock-in-hand the mode of keeping and auditing the a buildings, machinery and stock-in-hand the mode of keeping and auditing the account and furnishing returns of any indu keeping and auditing the account and furnishing returns of any industry in res- pect of which State aid has been g returns of any industry pect of which State aid has been given; (h) the manner in and the place at which notices or orders may be served on a the place at which noti or orders may be served on any borrower; (i) the form of the declaration to be used under section 24; section 24; (j) the fixing of the period for the repayment of loans; loans; (k) the application under section 33 of profits in the case in which the conditions on on under section 33 of profits in the case in which the conditions on which the State aid has been given, ha ond State aid has been given, fill e have not been fulfilled; the appointment and functions of directors ap- pointed by the ![ of directors ap- pointed by the ![Central Government] under section 34 and the prescribin (m) the percentage of the cost of machinery to be deposited under section 36; the words "S_ut_a Government" the Reo;?:r?i:'al&?:d(é%randigarh and and State Su Himachal Pradesh) Adaptation o cts) No. 2 Order, 1968, Pl.u\ln' Reo;?:r?i:'al&?:d(é%randigarh and Himachal Pradesh) Ad Laws on Concurrent and State Subjects) No. 2 Order, 1968, on o Pl.u\ln'b Repeal. -y AID TO INDUSTRIES [1935 : Ph, A¢q v ----- (n) the 'additional 'particulars to 'be-- sp the order - referred to in section 37 ec the 'additional 'particulars to 'be-- sp the order - referred to in section 37 ec:f,fidtfi" conditions the order - referred to in section 37 ec:f,fidtfi" conditions on which machinery may he g i plied on the hire-purchase system; . conditions on which machinery m plied on the hire-purchase system; i . the form of the metal (p) the form of notice under section 39; (q) the recovery of any sums payable under this Act; and (r) all other matters pertammg to the working of this Act. 47, The Punjab Industrlal Loans Act, 1923, is hereby repealed. B ‘:‘Qa, Lipav Tk 7o Tk |

Section 2766