Technology Development Board Act, 1995

commencement.

In this Act, unless the context otherwise requires-

incorporation of the Board.

officers and employees of the Board.

Board.

Board. The Board may-

grant of financial assistance etc.Ā that no refusal of grant shall be made unless an opportunity is given to the applicant of being heard.

the Central Government.Ā TheĀ Central Government may, after due appropriation made by Parliament by law,Ā inĀ this behalf, make to the Board grants and loans of such sums ofĀ moneyĀ as that Government may consider necessary.

Development and Application.

receipts and liabilities. On and from the commencement of this Act,-

The Board shall prepare, in such form and at such time in each financial year, as may be prescribed, its budget for the next financial year, showing the estimated. Receipts and expenditure of We board and forward the same toĀthe Central Government.

The Board shall prepare, in such form and at such time in each financialĀĀ year, as may be prescribed, its annual report, giving a full account of its activities during the previous financial year, and submit a copy thereof to the Central Government.

auditors report to be laid before Parliament.Ā The Central Government shall cause the annual reportĀ andĀ auditor'sĀ reportĀ toĀ beĀ laid, as soon asĀ mayĀ beĀ afterĀ theyĀ are received, before each House of Parliament.

furnished to the Board.Ā

Central Government to issue direction.Ā that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.

Government to supersede the Board. that the Central Government may, at any time, before the expiration of the period of super session, take action under this sub-section.

The Board may, by general or special order in writing, delegate to the Chairperson or any other member or to any officer of the Board. subject to such conditions and limitations,Ā ifĀ any,Ā asĀ mayĀ beĀ specified in the order,Ā suchĀ ofĀ itsĀ powersĀ andĀ functionsĀ under this Act (except) the power under section 22)Ā asĀ itĀ may deem necessary.

employees of the Board to be public servants.Ā AllĀ members, off-ices and another employees ofĀ theĀ BoardĀ shall beĀ deemed, when acting or purporting to act in pursuance of anyĀ ofĀ theĀ provisionsĀ of this Act, to beĀ publicĀ servantsĀ withinĀ the meaning of section 21 of the Indian Penal Code. (45 of 1860.)

action taken in good faith. No prosecutionĀ orĀ other legal proceeding shall lie against the Government, or theĀ BoardĀ orĀ any committee appointed by it or any member of the BoardĀ orĀ suchĀ committee, or any officer or employee of the Government or theĀ BoardĀ orĀ anyĀ other person authorized by the Government or theĀ Board,Ā forĀ anything which is in good faith done or intended to be done under thisĀ Act or the rules or regulations made there under.

Government to make Rules.

make regulations.

to be laid before Parliament. Every rule and every regulation made under this Act shall be laid, as soon as may be  after it is made, before each House of Parliament, while it is  in session,  for a total period of thirty days which may be comprised  in one session or in two or more successive sessions, and if, before  the expiry  of  the  session  immediately following  the  session  or  the successive  sessions  aforesaid,  both Houses  agree  in  making  any modification  in the rule or regulation or both Houses agree that  the rule  or regulation should not be made, the rule or regulation  shall thereafter have effect only in such modified form or be of no effect, as  the  case  may  be; so, however, that  any  such  modification  or annulment  shall  be  without prejudice to the  validity  of  anything previously done under that rule or regulation. K. L. MOHANPURIA, Secy. to the Govt. of India. CORRIGENDA In  the  Industrial Development Bank of India   (Amendment)  Ordinance,  1995  (Ord.  2  of  1995)  as published  in  the  Gazette  of  India, Extraordinary, Part II, Section 1, dated the 13th January, 1995 (Issue No. 5),- CORRIGENDA In  the  Cable Television Networks (Regulation)  Ordinance,  1995 (Ord. 3 of 1995) as published in the Gazette of India,  Extraordinary, Part 11, Section 1, dated the 17th January, 1995 (Issue No. 6),- CORRIGENDUM In  the  Banking Companies (Acquisition and  Transfer  of  Under takings)  Amendment Ordinance. 1995 (Ord. 4 of 1995) as  published  in the Gazette of India, Extraordinary, Part II Section 1, dated the 21st January,  1995 (Issue No, 7), at page 3. in line 2.  for  "corespond", read "correspond-".