Section 19:
Power to borrow.
Subject to such rules as may be made in this behalf, the Board shall have the
power to borrow on the security of the Oil Industry Development Fund or any other asset for carrying out
the purposes of this Act.
47/1974 - The Oil Industry (Development) Act, 1974 ▶
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: