(1) State aid may be given-
(a) in any of the forms specified in section 9, to -
(i) in new or nascent large-scale industry or medium scale industry;
(ii) a large-scale industry or medium scale industry newly established in an area where such industries are undeveloped;
(iii) any large-scale industry or medium scale industry other than those specified in sub-clauses (i) and (ii) where the State Government is satisfied that special reasons exist for such aid; or
(iv) any small-scale industry;
(b) in the forms specified in clauses (b), (c), (g) and (h) of the said section, to any industry.
(2) The State Government may require any industry in receipt of State aid to locate its head office in the State.
Explanation:- In the case of any industry which is a company registered under the Indian Company Act, 1913 (VII of 1913) or the Companies Act, 1956 (1 of 1956), the expression "head office" means its registered office within the meaning of the Act under which it was registered.
8 Formation of a company:-
11. (1) The State Government may take such steps are necessary or desirable to secure the formation of a limited company confirming to the prescribed conditions and have it registered under the Companies Act, 1956 (1 of 1956) withy they object or providing industrial credit.
(2) The State Government may, with regard to industries generally or to any particular class or industries, and subject to such conditions or restriction as it may deem fit to impose delegate to the company with all or any of its powers under this Act other than the power to make rules under section 30.
(3) Rules shall be made under this section regulating the conditions subject to which a company shall be formed under this section and such rules may provide that a breach of any such or conditions shall be punishable with fine which may extend to one hundred rupees.