State Act

14

Section 14. Control of business assisted

THE PUDUCHERRY STATE AID TO INDUSTRIES ACT, 1970

Act no. 3 of 19711971In forcePuducherry (State Act)

14. Control of business assisted In any case in which a loan or loans is or are granted under this Act amounting to rupees two lakhs or upwards, the Government shall, and in any other case may, by the appointment of Government Directors or otherwise, take power to ensure such control over the conduct of the business or enterprise as shall suffice in their opinion to safeguard their interests.