Act Info:Preamble1 - OIL INDUSTRY DEVELOPMENT ACT 1974
Chapter I
Section1 - Short title and extent
Section2 - Definitions
Chapter II
Section3 - Establishment and constitution of the Board
Section4 - Conditions of service of members
Section5 - Secretary, officers, consultants and employees of the Board
Section6 - Functions of the Board
Section7 - Principles and conditions of assistance
Section8 - Power to call for repayment before agreed period
Section9 - Special provisions for enforcement of claims by the Board
Section10 - Power of Board to appoint Directors of oil industrial concern
Section11 - Effect of notified order appointing Director
Section12 - Powers and duties of the Directors
Section13 - No right to compensation for loss of office
Section14 - Application of Act 1 of 1956
Chapter III
Section15 - Duties of excise
Section16 - Crediting of proceeds, of duty to Consolidation Fund of India
Section17 - Grants and loans by the Central Government
Section18 - Oil Industry Development Fund
Section19 - Power to borrow
Section20 - Accounts and audit
Chapter IV
Section21 - Power to require persons engaged in oil industry to maintain and produce books, accounts and records relating to business and inspection thereof
Section22 - Directions by the Central Government
Section22A - [OMITTED]
Chapter V
Section23 - Penalties
Section24 - Other penalties
Section25 - Offences by companies
Section26 - Jurisdiction of courts
Section27 - Previous sanction of Central Government
Section28 - Protection of action taken in good faith
Section29 - Dissolution of the Board
Section30 - Act to have overriding effect
Section31 - Power to make rules
Schedule1 - SCHEDULE