LawgistAll Acts
Oil Industry (Development) Act
An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith.
| Act Id | 197447 |
| Act Number | 47 |
| Enactment Date | 1974-09-26 |
| Act Year | 1974 |
| Ministry | Ministry of Petroleum and Natural Gas |
| Enforcement Date | 26-09-1974 |
- PRELIMINARY
- THE OIL INDUSTRY DEVELOPMENT BOARD
- 3 Establishment and constitution of the Board
- 4 Conditions of service of members
- 5 Secretary, officers, consultants and employees of the Board
- 6 Functions of the Board
- 7 Principles and conditions of assistance
- 8 Power to call for repayment before agreed period
- 9 Special provisions for enforcement of claims by the Board
- 10 Power of Board to appoint Directors of oil industrial concern
- 11 Effect of notified order appointing Director
- 12 Powers and duties of the Directors
- 13 No right to compensation for loss of office
- 14 Application of Act 1 of 1956
- FINANCE, ACCOUNTS AND AUDIT
- CONTROL BY THE CENTRAL GOVERNMENT
- MISCELLANEOUS
