(1) Exwpt in the case of co-operative subs~dirs societies and persons trained in particular trades at Government cost, no subsidy shdl exceed the pres cribed percentage of the cost involved in the purposes for which the subsidy bas been granted.
(2) Tho condition of grant of subsidy to industries, other than smaI1-scale or cottage industries, for the conduct of research or the urchase of B machinery or of any other payment un er guarantee of minimum return. on the paid-up capital or the grant, on favourable terms, of land, raw materids, firewood, water or other property of the State Government or of ihe supply of electrical energy at concessional rates from a source which is the property of the State Government, s h d ordinarily be that such State-aid shall be discontinued if the industry be shown to the satisfaction of the State Government to be earning profit in excess of such rate as may be prescribed.
18. No recipient of State-aid shall pay any P dividend or distribute or take any profits in excess pro fits wbsn condidom of of such permnttige of the capital of the industry as stat~ald ~t the State Government may, from time to time, fix m d .
u n ~ l the conditions on which State-aid has been granted are f a l e d . The balance of the profits after necessary amounts have been set aside for depreciation or obsoles&fice of plant, machinery ' and buildings and for the payment of interest on debenmres or loans, shall be carried to a reserve fund to be utiIised in such manner as the State Government may approve :
Provided that the State Government may relax the provisions of thia section in the case of any jndustry aided by the grant on favourable terms, of loan or raw materials, fuel, water or any other property or right of the State Government or the grant, free of charge or on favorable terms, of services of experts or person in the service of the State Government or by the payment of a subsidy for the conduct of research.
Govcrnmcnt conrrol of 19. Notwithstanding anything contained in any aidd indust- 0 t h provision of this Chapter, if in any case thc HCS. amount or value of the Stato-aid given thereunder amounts to or exceeds two Iakhs of rupees, or the face vaIue of the shares heId by tile Stato Government exceeds twonty-five por coat of the value of the authorised share capital, tho State Government, shall, and in any other case may, by appointnient ,of Government directors o theywise, take .power t~ -ensure such control over the industries as shall be shacient ,in its lop,inion to safe-guard its interest.
Recovew of money due