Section 22
Power of Board to make regulations.
The Technology Development Board Act, 1995
About this Act
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.
(1) The Board may, with the previous approval of the
Central Government, by notification in the Official Gazette, make regulations consistent with this Act and
the rules generally to carry out the provisions of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:--
(a) the terms and conditions of service of the Secretary and other officers and employees of the Board under sub-section (2) of section 4;
(b) the conditions subject to which equity capital may be provided by the Board under clause (a) of section 6;
(c) the form in which and the time at which the returns may be furnished to the Board under sub-section (1) of section 15.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:--
(a) the terms and conditions of service of the Secretary and other officers and employees of the Board under sub-section (2) of section 4;
(b) the conditions subject to which equity capital may be provided by the Board under clause (a) of section 6;
(c) the form in which and the time at which the returns may be furnished to the Board under sub-section (1) of section 15.