The 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.1974
List of Chapters & Sections
PRELIMINARY
THE OIL INDUSTRY DEVELOPMENT BOARD
FINANCE, ACCOUNTS AND AUDIT
CONTROL BY THE CENTRAL GOVERNMENT
MISCELLANEOUS
PRELIMINARY
THE OIL INDUSTRY DEVELOPMENT BOARD
3Establishment 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 1956FINANCE, ACCOUNTS AND AUDIT
CONTROL BY THE CENTRAL GOVERNMENT
MISCELLANEOUS