THE TECHNOLOGY DEVELOPMENT BOARD ACT, 1995

ACT NO. 44 OF 1995 · Enacted [16thDecember,1995.] · 23 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Definitions.

TECHNOLOGY DEVELOPMENT BOARD

Section 3.Constitution and incorporation of the Board.

Section 4.Secretary and other officers and employees of the Board.

Section 5.Committees of the Board.

Section 6.Functions of the Board.

APPLICATION FOR GRANT OF FINANCIAL ASSISTANCE

Section 7.Application for grant of financial assistance, etc.

FINANCE, ACCOUNTS AND AUDIT

Section 8.Grants and loans by the Central Government.

Section 9.Fund for Technology Development and Application.

Section 10.Transfer of money receipts and liabilities.

Section 11.Budget.

Section 12.Annual report.

Section 13.Accounts and audit.

Section 14.Annual report and auditor’s report to be laid before Parliament.

MISCELLANEOUS

Section 15.Returns to be furnished to the Board.

Section 16.Power of the Central Government to issue directions.

Section 17.Power of Central Government to supersede the Board.

Section 18.Delegation.

Section 19.Members, officers and employees of the Board to be public servants.

Section 20.Protection of action taken in good faith.

Section 21.Power of Central Government to make rules.

Section 22.Power of Board to make regulations.

Section 23.Rules and regulations to be laid before Parliament.