The Oil Industry (Development) ActAn 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.
List of Chapters & Sections
PRELIMINARY THE OIL INDUSTRY DEVELOPMENT BOARD FINANCE, ACCOUNTS AND AUDIT CONTROL BY THE CENTRAL GOVERNMENT MISCELLANEOUS
THE OIL INDUSTRY DEVELOPMENT BOARD3Establishment and constitution of the Board4Conditions of service of members5Secretary, officers, consultants and employees of the Board6Functions of the Board7Principles and conditions of assistance8Power to call for repayment before agreed period9Special provisions for enforcement of claims by the Board10Power of Board to appoint Directors of oil industrial concern11Effect of notified order appointing Director12Powers and duties of the Directors13No right to compensation for loss of office14Application of Act 1 of 1956
FINANCE, ACCOUNTS AND AUDIT
CONTROL BY THE CENTRAL GOVERNMENT