Indian Bare Acts

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Year : 1995

[Act, No.44 of 1995]
[16th December, 1995]


An Act to provide for the constitution of a Board for payment of equity capital or any other financial assistance to industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology to wider domestic applications and for matters connected therewith or incidental thereto.

BE it enacted by Parliament in the Forty-sixth Year of the Republic of India as follows:-

(1) This Act may be called the Technology Development Board Act, 1995.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

In this Act, unless the context otherwise requires-

(a) "Board" means the Technology Development Board constituted under sub-section (1) of section 3;

(b) "Chairperson" means the Chairperson of the Board;

(c) "Fund" means the Fund for Technology Development and Application constituted under sub-section (1) of section 9;

(d) "Member" means a member of the Board and includes the Chairperson;

(e) "Prescribed" means prescribed by rules made under this Act;

(f) "Secretary" means the Secretary of the Board appointed under sub-section (1) of section 4;

(g) Words and expressions used herein and not defined but defined in the Research and Development Cess Act, 1986,(32 of 1986) shall have the meanings respectively assigned to them in that Act.

(1) The Board may appoint the Secretary and such other officers and employees as it considers necessary for the efficient discharge of its functions under this Act.

(2) The terms and conditions of service of the Secretary and other officer and employees of the Board shall be such as may be determined by regulations.
Last updated on July, 2016

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