Act Number: 44

Act Name: The Technology Development Board Act, 1995

Year: 1995

Enactment Date: 1995-12-16

Long Title: 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: Ministry of Science and Technology

Department: Department of Science and Technology

Section 2: Definitions.
    In this Act, unless the context otherwise requires,--
         (a) "Board" means the Technology Development Board constituted under sub-section (1) of section 3;
         (b) "Chairperson" means the Chairperson of the Board;
         (c) "Fund" means the Fund for Technology Development and Application constituted under sub-section (1) of section 9;
         (d) "member" means a member of the Board and includes the Chairperson;
         (e) "prescribed" means prescribed by rules made under this Act;
         (f) "Secretary' means the Secretary of the Board appointed under sub-section (1) of section 4;
         (g) words and expressions used herein and not defined but defined in the Research and Development Cess Act, 1986 (32 of 1986), shall have the meanings respectively assigned to them in that Act.
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