No member of the Committee shall vote or take part in the discussion of any question coming up for consideration at a meeting of the committee, if the question is one in which he or any of his relatives has any direct or indirect pecuniary interest or he is interested in such question in his professional capacity on behalf of his client or as an agent.
Explanation:- For the purpose of this section, expression "relative" shall have the same meaning as assigned to it under section 6 of the Companies Act, 1956 (1 of 1956).
14. (1) The State Government may, before granting State aid to any industry or during the continuance of any State aid so granted, impose such conditions as may in its opinion be necessary or expedient to safeguard its interests by securing the training of apprentices.
(2) Any conditions imposed under sub-section (1) shall be notified.
chapter III:- Provisions regulating the giving of State Aid
15. (1) No loan shall be granted to any large-scale industry or medium scale industry of an amount exceeding 66 per cent or to any small-scale industry of an amount exceeding 75 per cent, of the net value of the assets of the industry after the deduction of the value of all encumbrance existing at the time when the application is made;
Provided that the State Government may, subject to such restriction as may be prescribed, relax the provisions of this section, in the case of any particular application in regard to an industry referred to in sub-clauses (i) and (iv) of clause (a) of sub-section (1) of section 10.
Explanation:- In this sub-section the net value of the a assets of any industry includes the value of any collateral security prescribed under section 16.
(2) the valuation of the assets under sub-section (1) shall be made by such persons and in such manner as may be prescribed. For the purpose of such valuation the additional assets which may be created by the grant of such State aid may be taken into account to such extent as may be prescribed.