LawgistThe Technology Development Board Act
6Functions of the Board
The Board may--
(a) provide equity capital, subject to such conditions as may be determind by regulations, or any other financial assistance to industrial concerns and other agencies attempting commercial application of indigenous technology or adapting imported technology to 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.
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All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Constitution and incorporation of the Board
- 4 Secretary and other officers and employees of the Board
- 5 Committees of the Board
- 6 Functions of the Board
- 7 Application for grant of financial assistance, etc
- 8 Grants and loans by the Central Government
- 9 Fund for Technology Development and Application
- 10 Transfer of money receipts and liabilities
- 11 Budget
- 12 Annual report
- 13 Accounts and audit
- 14 Annual report and auditor’s report to be laid before Parliament
- 15 Returns to be furnished to the Board
- 16 Power of the Central Government to issue directions
- 17 Power of Central Government to supersede the Board
- 18 Delegation
- 19 Members, officers and employees of the Board to be public servants
- 20 Protection of action taken in good faith
- 21 Power of Central Government to make rules
- 22 Power of Board to make regulations
- 23 Rules and regulations to be laid before Parliament
