(1) There shall be established by the Government by notification, a Board of Industries for the State consisting of not less than seven and not more than nine members to advise the Government in regard to the grant of aid under this Act.
(2) The Board shall consist of the following members, namely:-
(i) two officers of the Government, not below the rank of a Deputy Secretary, to be nominated by the Government, out of whom one shall be from the Finance and Planning (Finance Wing) Department and the other from the Industries and Commerce Department;
(ii) the Director of Industries or the Additional Director of Industries;
(iii) the remaining to be nominated by the Government from among persons who are not holding any office under the Central or the State Government and who have practical experience or special knowledge in matters connected with a cottage, small-scale or village industry.
(3) One of the non-official members shall be appointed by the Government, by notification, as the Chairman of the Board.
(4) The term of office of the non-official members shall be such as may be specified by the Government, from time to time.
(5) The procedure to be followed at the meetings of the Board, the manner of filling of casual vacancies among its members for mis-conduct for failure to attend the meetings of the Board or for other reasons shall be such as may be prescribed.
CHAPTER III GENERAL PROVISION REGARDING THE GRANT OF AID
4. Industries to which aid may be given - (1) An industry to which aid may be given by the Government under this Act shall have an important bearing on the economic development of the country and shall be—
(a) a new or nascent industry;
(b) an industry to be introduced in any area where such industry is undeveloped; or
(c) an old or established industry:
Provided that the Government may, by notification and for reasons recorded therein, declare that aid shall not be given under this Act to any industry specified in such notification.
(2) No aid shall be given by the Government to any Company as defined in section 3 of 1[the Companies Act, 1956 (Central Act 1 of 1956)] unless the same is registered in India.
1. See the relevant provisions of the Companies Act, 2013 (Central Act 18 of 2013).
(3) The decision of the Government on any question as to the industry to which aid may be given by the Government under this Act shall be final and shall not be called in question in any Court of law.