Act Number: 47

Act Name: The Oil Industry (Development) Act, 1974

Year: 1974

Enactment Date: 1974-09-26

Long Title: An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith.

Ministry: Ministry of Petroleum and Natural Gas

Department:

Section 4: Conditions of service of members.
    Every person appointed as a whole-time member of the Board shall be entitled to such salary and allowances and such conditions of service in respect of leave, pension, provident fund and other matters as may, from time to time, be fixed by the Central Government and the other members of the Board and such of the members of any ad hoc Committee constituted under sub-section (6) of section 3 as are not members of the Board shall be entitled to such allowances, if any, and such other conditions of service, as may be prescribed.
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