LawgistThe Technology Development Board Act
7Application for grant of financial assistance, etc
(1) An application for grant of financial assistance for the purposes mentioned under section 6 shall be made to the Board in such form as may be prescribed.
(2) The Board may, after examining the application and after making such enquiries as it deems necessary by order in writing, either grant the financial assistance or refuse to grant the same:
Provided that no refusal of grant shall be made unless an opportunity is given to the applicant of being heard.
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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
