Punjab State Aid to Industries Act, 1935

From: 1935-01-25 - To: 0000-00-00 An Act to encourage the development of industries in the Punjab by the grant of State aid Preamble.— WHEREAS it is expedient further to improve and regulate the giving of State aid for industrial purposes; AND WHEREAS the previous sanction of the Governor-General required under sub-section (3) of section 80-A of the Government of India Act and the previous sanction of the Governor required under section 80-C of said Act have been obtained. It is hereby enacted as follows:- CHAPTER I PRELIMINARY 1. Short title, extent and commencement.— (1) This Act may be called the Punjab State Aid to Industries Act, 1935. (2) It extends to the Punjab. (3) It shall come into force on such date[2] as the [3][Provincial Government] may, by notification, appoint in this behalf. 2. Definitions.— In this Act, unless there is anything repugnant in the subject or context— (1) “Board” means the Board of Industries constituted under section 3 of this Act. (2) “Borrower” means an individual, company or association or body of individuals, whether incorporated or not, to whom or to which State aid has been granted under this Act. (3) “Company” means a company as defined in the [4][* * *] Companies Act, 1913[5]. (4) “Director” means the Director of Industries, [6][* * *]. (5) “Industry” means any industrial business or enterprise conducted or undertaken either by an individual or by a company, association or body of individuals, whether incorporated or not. [7][(6) “Cottage industry” means any industry carried on by a worker in his home and includes dairy farming, bee-keeping, lac-making and keeping a poultry farm. (7) “Village industry” means any industry which forms the normal occupation, whether whole time or part-time, of any class of the rural population of the Province.] [8][(8)] “Machinery” includes plant, apparatus, tools and other appliances required for the purpose of carrying on any industrial operation or process. [9][(9)] “Prescribed” means prescribed by rules made under this Act. CHAPTER II 3. Establishment of a Board of Industries.— (1) For carrying out the purposes of this Act, the [10][Provincial Government] shall, as soon as possible,…