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The Assam Aid to Industries (Small and Cottage Industries) Act, 1955 Complete Act

State: Assam

Year: 1955

.....arrears of land revenue. [Published in the Assam Gazette, Part V, dated 9th November, 1955] page - 83. STATEMENT OF OBJECTS AND REASONS AMENDING ACT - THE ASSAM ACT NO. XV OF 1956 Under the provisions made under Section 4(1) of the State Aid to Industries (Small and Cottage Industries) Act, 1955 loans upto Rs. 20,000 only can be sanctioned by the Cottage Industries Department and applications for loans over that amount are required to be passed on to the State Financial Corporation. In cases, however, where the industrial concern is not found eligible for accommodation from Corporation, the Cottage Industries Department may consider such applications upto a limit of Rs. 50,000. But the Co-operative Societies being composed of a number of individuals generally require more capital than what an individual requires. The industries taken up by the Co-operative Societies are also larger than industries taken up by the individuals and as such a Co-operative Society usually required more than Rs. 20,000 for developing the industries. The Government of India have offered assistance to State Governments for issuing loans to Small Industries at 3 percent interest per annum only and.....

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The Orissa Khadi & Village Industries Board Act, 1955 Complete Act

State: Orissa

Year: 1955

.....(1) The Board may enter into and perform all such contracts as it may consider necessary or expedient for carrying out any of the purposes of this Act. (2) Every contract shall be made on behalf of the Board by the Secretary. (3) Every such contract shall, subject to the provisions of this section, be entered into in such manner and form as may be prescribed. (4) Any contract not executed in the manner provided in this section and the rules made thereunder shall not be binding on the Board. Section 14 - Appointment of Committee The Board may from time to time appoint one or more Committees for the purpose of securing efficient discharge of the functions of the Board and in particular for the purpose of securing that the said functions are exercised with due regard to the circumstances and requirements of any village industries. Such Committees may be appointed for any particular area. Section 15 - [Omitted] [Omitted vide Orissa Act No. 18 of 1969.] [* * *] Section 16 - General powers of the Board The Board shall for the purposes of carrying out their functions under this Act, have the following powers: (i) to acquire and hold such movable and immovable property as it may deem.....

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Assam Khadi and Village Industries Board Act, 1955 Complete Act

State: Assam

Year: 1955

.....Committee. Section 10F - Powers and functions of Standing Finance Committee Without prejudice to anything contained in Ss. 11 and 12 of this Act, the factions of the Standing Finance Committee shall be -- (i) To render except financial advice including its proper administration of the Board's funds including its proper utilization; (ii) To scrutinize and to give its comments and expert advice on the following matters, namely: (a) all annual and supplementary budgets of the Board; (b) all new schemes of the Board; (c) any proposal for entertainment of the members of the Staff of the Board that may be necessary after the commencement of the Assam Khadi and Village Industries Board (Amendment) Act, 1960; and, (d) any other financial matter which the Board may, by general or special order, direct to be referred to the Standing Finance Committee for its scrutiny, comment and expert advice. Section 10G - Powers and functions of the Financial Adviser and Chief Accounts Officer of the Board Subject to the general control of the Board, the Financial Adviser and Chief Accounts Officer of the Board shall -- (i) advise the Board and its Committees on all matters.....

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