No machinery shall be supplied on hire purchase system unless the applicant therefor deposits with the authority competent to sanction State aid under this Act (hereinafter in this Chapter referred to, as the “sanctioning authority”), such percentage of the value thereof as may be prescribed.
Section 24: Percentage of value to be deposited by hirer
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 | 24 |
| Marginal note | Percentage of value to be deposited by hirer |
| Jurisdiction | State of Kerala |
| Status | In force as published by the source |
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