State Act

The Telangana State Aid to Industries Act, 1976.

2. In this Act, unless the context otherwise requires:- (a) “Board” means the Board of Industries established under section 3; (b) “cottage industry” means in industrial business or enterprise carried on in any premises to which the Factories Act, 1948, does not apply; (c) “Director” means the Director of Industries, 2Telangana and includes such other officer as may be authorised by the Government to exercise the powers and perform the functions of the Director under this Act; (d) “Government” means the State Government; (e) “industry” means any business or enterprise relating to cottage small-scale or village industry conducted or undertaken, by any individual, company or association or body of individuals, whether incorporated or not, or by Panchayat Samithi or Zilla Parishad, and includes an industry ancillary thereto; (f) “notification” means a notification published in the 4Telangana Gazette and the word "notified" shall be construed accordingly; (g) “prescribed” means prescribed by rules made under this Act; (h) “small-scale industry” means an industry with a capital investment of an amount not exceeding rupees ten lakhs, irrespective of the number of persons employed and includes such other industrial business or enterprise with a capital investment exceeding rupees ten lakhs but not exceeding rupees fifteen lakhs as the Government may, by notification, for reasons to be recorded therein, specify; Explanation.- For the purpose of this clause the expression “capital investment” means the investment on plant and machinery only, calculated at the price paid by the owner, irrespective of whether the plant and machinery are new or second hand; (i) “village industry” means an industrial business or enterprise which forms the normal occupation, whether whole-time or part-time of the rural population of the State.