Every loan granted under this Act shall be secured by a mortgage upon the whole or such portion of the assets of the business or enterprise as the sanctioning authority may consider sufficient and where the whole of the assets of the business or enterprise is in the opinion of the sanctioning authority insufficient, by such collateral security as may be required by the sanctioning authority and shall bear interest payable on such dates and at such rates as the Government may determine.
Section 14: Loans how secured
The Kerala State Aid to Industries Act, 1963State Act of Kerala · Act 34 of 1963
Where this provision sits
| Act | The Kerala State Aid to Industries Act, 1963 |
|---|---|
| Section | 14 |
| Marginal note | Loans how secured |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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