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Start Free TrialOil Industry Development Act 1974 Chapter I
Title: Preliminary
State: Central
Year: 1974
.....from oil condensate and gas or petroleum hydrocarbons not specified, hereinbefore; (n) "prescribed" means prescribed by rules made under this Act. Section 2 - Definitions In this Act, unless the context otherwise requires,-- (a) "assistance" means assistance rendered under section 6; (b) "Board" means the Oil Industry Development Board established under section 3; (c) "Chairman" means the Chairman of the Board; (d) "Court" means the High Court or the Court of Judicial Commissioner within the local limits of whose jurisdiction the defendant or respondent carries on the whole or a substantial part of his business, and where the Central Government has, by notification in the Official Gazette, and subject to such restrictions, limitations and conditions as it thinks fit, empowered any court of civil jurisdiction subordinate to the High Court or, as the case may be, the Court of the Judicial Commissioner, to exercise all or any of the powers conferred by this Act, such court; (e) "crude oil" means petroleum in its natural state before it is refined or otherwise treated but from which water and foreign substances have been extracted; (f) "fertilisers" means such.....
View Complete Act List Judgments citing this sectionOil Industry Development Act 1974 Section 2
Title: Definitions
State: Central
Year: 1974
.....or petroleum hydrocarbons not specified, hereinbefore; (n) "prescribed" means prescribed by rules made under this Act. OIL INDUSTRY DEVELOPMENT ACT 1974 Section 2 - Definitions In this Act, unless the context otherwise requires,-- (a) "assistance" means assistance rendered under section 6; (b) "Board" means the Oil Industry Development Board established under section 3; (c) "Chairman" means the Chairman of the Board; (d) "Court" means the High Court or the Court of Judicial Commissioner within the local limits of whose jurisdiction the defendant or respondent carries on the whole or a substantial part of his business, and where the Central Government has, by notification in the Official Gazette, and subject to such restrictions, limitations and conditions as it thinks fit, empowered any court of civil jurisdiction subordinate to the High Court or, as the case may be, the Court of the Judicial Commissioner, to exercise all or any of the powers conferred by this Act, such court; (e) "crude oil" means petroleum in its natural state before it is refined or otherwise treated but from which water and foreign substances have been extracted; (f) "fertilisers" means.....
View Complete Act List Judgments citing this sectionOil 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.....
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