Act 44 of 1995

The Technology Development Board Act, 1995

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.

  • Ministry of Science and Technology
  • Department of Science and Technology
  • Enacted 1995-12-16
  • 23 sections
SectionTitle
1 Short title and commencement. Read
2 Definitions. Read
3 Constitution and incorporation of the Board. Read
4 Secretary and other officers and employees of the Board. Read
5 Committees of the Board. Read
6 Functions of the Board. Read
7 Application for grant of financial assistance, etc. Read
8 Grants and loans by the Central Government. Read
9 Fund for Technology Development and Application. Read
10 Transfer of money receipts and liabilities. Read
11 Budget. Read
12 Annual report. Read
13 Accounts and audit. Read
14 Annual report and auditor’s report to be laid before Parliament. Read
15 Returns to be furnished to the Board. Read
16 Power of the Central Government to issue directions. Read
17 Power of Central Government to supersede the Board. Read
18 Delegation. Read
19 Members, officers and employees of the Board to be public servants. Read
20 Protection of action taken in good faith. Read
21 Power of Central Government to make rules. Read
22 Power of Board to make regulations. Read
23 Rules and regulations to be laid before Parliament. Read
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