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 21: Power of Central Government to make rules.
    (1) The Central Government may, by notification in the Official Gazette, make rules to carry out the provisions of this Act.
     (2) Without prejudice to the generality of the forgoing power, such rules may provide for all or any of the following matters, namely:--
         (a) the number of members of the Board under clause (g) of sub-section (3) of section 3;
         (b) the term of office and other conditions of service of the members of the Board under sub-section (4) of section 3;
         (c) the powers and duties of the Chairperson under sub-section (5) of section 3;
         (d) the constitution of committees under sub-section (1) of section 5;
         (e) theform of application under sub-section (1) of section 7;
        (f) the form in which, and the time at which, the Board shall prepare its budget under section 11 and its annual report under section 12;
         (g) the form of annual statement of accounts under sub-section (1) of section 13 and the date before which the audited copy of the accounts may be furnished to the Central Government under sub-section (4) of that section;
         (h) any other matter which is to be, or may be, prescribed or in respect of which provisions is to be, or may be, made by rules.
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