Bare Act Search Results

Oil Industry (Development) Act, 1974 Complete Act

State: Central

Year: 1974

.....facilities for production, handling, storage and transport of crude oil; (c) refining and marketing of petroleum and petroleum products; (d) the manufacture and marketing of petrochemicals and fertilisers; (e) scientific technological and economic research which could be directly or indirectly, useful to oil industry; (f) experimental or pilot studies in any field of oil industry; (g) training of personnel, whether in India or outside, engaged or to be engaged in any field of oil industry and such other measures as may be prescribed. (4) The Board may Board such fees or receive such commission as it may deem appropriate for any services rendered by it in the exercise of its functions. (5) The Board may transfer for consideration any instrument relating to loans or advances granted by it to any oil industrial concern or other person. (6) The Board may do all such things as may be incidental to or consequential upon the discharge of its functions under this Act. SECTION 07: PRINCIPLES AND CONDITIONS OF ASSISTANCE (1) Before rendering any assistance to any oil industrial concern of other person, the Board shall have regard to such directions as the Central Government may issue in.....