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Technology Development Board Act, 1995 Complete Act

State: Central

Year: 1995

.....Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue and be sued. (3) The Board shall consist of the following members, namely:- (a) the Secretary to the Government of India in charge of the ex officio Ministry or Department of the Central Government Chairperson; dealing with Science and Technology (b) the Secretary to the Government of India in charge of the ex officio; Ministry or Department of the Central Government dealing with Scientific and Industrial Research (c) the Secretary to the Government of India in charge of the ex officio', Ministry or Department of the Central Government dealing with Finance (Expenditure) (d) the Secretary to the Government of India in charge of the ex officio, Ministry or Department of the Central Government dealing with Defence Research and Development (e) the Secretary to the Government of India in charge of the ex officio', Ministry or Department of the Central Government dealing with Industrial Development (f) the Secretary to the Government of India in charge of the ex officio', Ministry or.....

Technology Development Board Act, 1995 Section 6

Title: Fractions of the Board

State: Central

Year: 1995

The Board may- (a) provide equity capital, subject to such conditions as may be determined by regulations, or any other financial assistance to industrial concerns and other agencies attempting commercial application of indigenous technology or adapting imported technology of wider domestic applications; (b) provide financial assistance to such research and development institutions engaged in developing indigenous technology or adaptation of imported technology for commercial application, as may be recognised by the Central Government. (c) perform such other functions as may be entrusted to it by the Central Government.

Technology Development Board Act, 1995 Preamble 1

Title: Technology Development Board Act, 1995

State: Central

Year: 1995

THE TECHNOLOGY DEVELOPMENT BOARD ACT, 1995 [Act, No.44 of 1995] [16th December, 1995] PREAMBLE An Act to provide for the constitution of a Board for payment of equity capital or any other financial assistance to industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology to wider domestic applications and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-sixth Year of the Republic of India as follows:-

Technology Development Board Act, 1995 Chapter II

Title: Technology Development Board

State: Central

Year: 1995

.....Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue and be sued. (3) The Board shall consist of the following members, namely:- (a) the Secretary to the Government of India in-charge of the Ministry or Department of the Central Government dealing with Science and Technology ex officio; Chairperson; (b) the Secretary to the Government of India in-charge of the Ministry or Department of the Central Government dealing with Scientific and Industrial Research ex fficio; (c) the Secretary to the Government of India incharge of the Ministry or epartment of the Central Government dealing with Finance (Expenditure) ex officio; (d) the Secretary to the Government of India incharge of the Ministry of Department of the Central Government dealing with defence Research and Development ex officio; (e) the Secretary to the Government of India incharge of the Ministry of Department of the Central Government dealing with Industrial Development ex officio (f) the Secretary to the Government of India incharge of the Ministry of Department of.....

Technology Development Board Act, 1995 Complete Act

Title: Technology Development Board Act, 1995

State: Central

Year: 1995

..... Section10 - Transfer of money receipts and liabilities Section11 - Budget Section12 - Annual Report Section13 - Accounts and audit Section14 - Annual report and auditors report to be laid before Parliament Chapter V Section15 - Returns to be furnished to the Board Section16 - Power of the Central Government to issue direction Section17 - Power of Central Government to supersede the Board Section18 - Delegation Section19 - Members officers and employees of the Board to be public servants Section20 - Protection of action taken in good faith Section21 - Power of Central Government to make Rules Section22 - Power of Board to make regulations Section23 - Rules and regulations to be laid before Parliament

Technology Development Board Act, 1995 Section 3

Title: Constitution and Incorporation of the Board

State: Central

Year: 1995

.....Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue and be sued. (3) The Board shall consist of the following members, namely:- (a) the Secretary to the Government of India in-charge of the Ministry or Department of the Central Government dealing with Science and Technology ex officio; Chairperson; (b) the Secretary to the Government of India in-charge of the Ministry or Department of the Central Government dealing with Scientific and Industrial Research ex fficio; (c) the Secretary to the Government of India incharge of the Ministry or epartment of the Central Government dealing with Finance (Expenditure) ex officio; (d) the Secretary to the Government of India incharge of the Ministry of Department of the Central Government dealing with defence Research and Development ex officio; (e) the Secretary to the Government of India incharge of the Ministry of Department of the Central Government dealing with Industrial Development ex officio (f) the Secretary to the Government of India incharge of the Ministry of Department of.....

Technology Development Board Act, 1995 Chapter 1

Title: Preliminary

State: Central

Year: 1995

(1) This Act may be called the Technology Development Board Act, 1995. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act, unless the context otherwise requires- (a) "Board" means the Technology Development Board constituted under sub-section (1) of section 3; (b) "Chairperson" means the Chairperson of the Board; (c) "Fund" means the Fund for Technology Development and Application constituted under sub-section (1) of section 9; (d) "member" means a member of the Board and includes the Chairperson; (e) "prescribed" means prescribed by rules made under this Act; (f) "Secretary" means the Secretary of the Board appointed under sub-section (1) of section 4; (g) words and expressions used herein and not defined but defined in the Research and Development Cess Act, 1986,(32 of 1986) shall have the meanings respectively assigned to them in that Act.

Technology Development Board Act, 1995 Chapter IV

Title: Finance, Accounts and Audit

State: Central

Year: 1995

.....and other expenses of officers and other employees of the Board; and (c) expenses of the Board in the discharge of its functions under this Act. Section 10 - Transfer of money receipts and liabilities On and from the commencement of this Act,- (a) the moneys standing at the credit of the Venture Capital Fund formed under section 5 of the Research and Development Cess Act, 1986 (32 of 1986) which is part of the Development Assistance Fund established by the Development Bank under section 14 of the Industrial development Bank of India Act, 1964 (18 of 1964) shall stand transferred to and vest in the Board; (b) all sums of money due to the Development Bank immediately before such commencement shall be deemed to be due to the Board; (c) all debts, obligations and liabilities incurred, all contracts or agreements entered into and all matters and things engaged to be done by, with or for the Development Bank immediately before such commencement for or connection with the purpose of the Venture Capital Fund shall be deemed to have been incurred, entered into or engaged to be done by, with or for the Board; and (d) all suits and other regard proceedings instituted or.....

Technology Development Board Act, 1995 Section 9

Title: Fund for Technology Development and Application

State: Central

Year: 1995

(1) The shall be constituted a Fund to be called the Fund for Technology Development and Application and there shall be credited to the Fund- (a) any grants and loans made to the Board by the Central Government under section 8; (b) all sums received by the Board from any other source; (c) recoveries made of the amounts granted from the Fund; and (d) any income from investment of the amount of the Fund. (2) The Fund shall be applied for meeting- (a) expenses on the object and for the purposes authorised by this Act; (b) salaries, allowances and other expenses of officers and other employees of the Board; and (c) expenses of the Board in the discharge of its functions under this Act.

Technology Development Board Act, 1995 Section 2

Title: Definitions

State: Central

Year: 1995

In this Act, unless the context otherwise requires- (a) "Board" means the Technology Development Board constituted under sub-section (1) of section 3; (b) "Chairperson" means the Chairperson of the Board; (c) "Fund" means the Fund for Technology Development and Application constituted under sub-section (1) of section 9; (d) "member" means a member of the Board and includes the Chairperson; (e) "prescribed" means prescribed by rules made under this Act; (f) "Secretary" means the Secretary of the Board appointed under sub-section (1) of section 4; (g) words and expressions used herein and not defined but defined in the Research and Development Cess Act, 1986,(32 of 1986) shall have the meanings respectively assigned to them in that Act.