Try SmartLeges for
I want to try it >
Subscribe to SmartLeges Premium and enjoy the following advantages:
Would you like to consult this and other laws complete?
Sign up for free to consult all the laws of SmartLeges in your mobile phone or tablet, as well as underline text, add notes...
Ministry of Law and Justice
Act nº 32 of 1986
|1. Came into force on 1-12-1987 vide S.O. 879(E),dated 5th October, 1987 published in the Gazette of India, 1987, Extra., Pt. II Section.3 (ii), dated 5th October, 1987.|
|1.Omitted by Reserach and Development Cess (Amendment) Act, 1995 for the following:|
"5. Venture Capital Fund
(1) There shall be formed for the purposes of this Act a Fund to be called the Venture Capital Fund and such Fund shall form 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), and the provisions of Chapter V of that Act shall, save as otherwise expressly provided in this Act, apply to such Fund.
(2) There shall be credited to the Fund-
(a) all amounts paid under section 4;
(b) any amount given as grants by the Central Government for the purposes of this Act;
c) any amount given to the Fund from any other source: and
(d) any income from investment of the amount in the Fund."
|1.Omitted by Research and Development Cess (Amendment) Act, 1995 for the following:|
"6. Application of Fund
The Fund shall be applied by the Development Bank to meet the expenditure incurred in connection with the measures and facilities which, in the opinion of the Development Bank, are necessary or expedient to provide equity capital or any other form of financial assistance to industrial concerns attempting commercial applications of indigenous technology or adapting imported technology to wider domestic applications."