(1) The Government may, by order and for reasons to be recorded therein, terminate aid in respect of an industry on all or any of the following grounds,-
(i) that any portion of the aid granted has been misapplied;
(ii) that there has been a breach by the recipient of aid of the provisions of this Act, or of any rules made thereunder or, of any condition of the grant of aid;
(iii) that the application on which the aid has been granted contained or was accompanied by any material statement by the applicant which he knew to be false or any intentional concealment by him of any material fact, which in the opinion of the Government, it was his duty to disclose or that any such false statement or concealment was intentionally made in any inquiry under this Act, by or with connivance of the applicant or in any return under the Act, or in reply to any requisition for information under this Act;
(iv) that the industry is being managed in such manner as to endanger the repayment of the amount of the aid granted thereto repayable under this Act, or make it impossible to return the money value of the aid under this Act:
Provided that no such order shall be passed unless the recipient is given an opportunity of making his representation.
(2) Notwithstanding anything in this Act, the Government may, on the termination of aid under sub-section (1), proceed to recover from the grantee;
(a) the whole of amount of any loan outstanding together with such interest as may be due thereon;
Power of Government to terminate aid on account of default.
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(b) the cost of recovery, if any, and where the Government so direct, the cost of any inquiry in connection therewith.
(3) Any order passed by the Government under subsection (1) or sub-section (2) shall be final.
18. The Government may, in respect of an application, inquiry, inspection or audit made under this Act, charge such fees as may be prescribed.
19. Nothing in this Act shall preclude the Government from –
(a) assisting an industry by agreement to purchase on business terms the whole or portion of its products;
(b) starting or conducting an industry for experimental purposes or with a view to stimulate industrial development;
(c) assisting an industry by giving gratis/ or on favourable terms the services of Government officials, experts, or others, either in the capacity of advisers or otherwise for such periods, as the Government may deem necessary for starting or conducting such industry;
(d) assisting an industry in connection with industrial education or the training of apprentice;
(e) assisting an industry in any manner which may be determined by the Government;
(f) establishing a company for the purpose of giving financial or other assistance to any industry or subscribing for shares in such company, on such terms and conditions as the Government may, by general order, lay down;
Fees.
Power of Government as regards starting or conducting industries and giving aid of certain kinds.
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(g) subscribing for shares in, or in any manner aiding any industry on such terms and conditions as the Government may, by general or special order, lay down;
(h) assisting an industry in the purchase of implements or machinery;
(i) assisting in the marketing of products in the possession or any industry;
CHAPTER IV MISCELLANEOUS.