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The Technology Development Board Act, 1995

Central

An Act to provide for the constitution of a Board for payment of equity capital or any other financial assistance to industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology to wider domestic applications and for matters connected therewith or incidental thereto.

Act number
44 of 1995
Ministry
Ministry of Science and Technology
Department
Department of Science and Technology
Enacted
16 Dec 1995

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

23 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Constitution and incorporation of the Board.
  4. Section 4Secretary and other officers and employees of the Board.
  5. Section 5Committees of the Board.
  6. Section 6Functions of the Board.
  7. Section 7Application for grant of financial assistance, etc.
  8. Section 8Grants and loans by the Central Government.
  9. Section 9Fund for Technology Development and Application.
  10. Section 10Transfer of money receipts and liabilities.
  11. Section 11Budget.
  12. Section 12Annual report.
  13. Section 13Accounts and audit.
  14. Section 14Annual report and auditor’s report to be laid before Parliament.
  15. Section 15Returns to be furnished to the Board.
  16. Section 16Power of the Central Government to issue directions.
  17. Section 17Power of Central Government to supersede the Board.
  18. Section 18Delegation.
  19. Section 19Members, officers and employees of the Board to be public servants.
  20. Section 20Protection of action taken in good faith.
  21. Section 21Power of Central Government to make rules.
  22. Section 22Power of Board to make regulations.
  23. Section 23Rules and regulations to be laid before Parliament.