State Act
36
Section 36. Percentage of cost to be deposited by hirer.
The Himachal Pradesh State Aid to Industries Act, 1968
Act no. 2 of 19711971In forceHimachal Pradesh (State Act)
36. Percentage of cost to be deposited by hirer.-No machinery shall be supplied by the State Government on the hire-purchase system unless the applicant therefor deposits with the Director such percentage of the cost thereof as may be prescribed, and furnishes security for the unpaid portion of such cost in the same manner as for a loan granted under the provisions of Chapter IV.