eCourtsIndia
IndiaCode Laws
Act44
Enacted 1995

The Technology Development Board Act, 1995

In force 23 sections Science and Technology

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.

Act 44 of 1995 Enacted 16 Dec 1995 In force 01 Nov 1996 Department Department of Science and Technology

Administered by. Ministry of Science and Technology, Department of Science and Technology · Other Acts of 1995

Preamble

THE TECHNOLOGY DEVELOPMENT BOARD ACT, 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:--

What this Act covers

Summary of the Technology Development Board Act, 1995

Key Provisions

• Establishment of the Technology Development Board: The Act provides for the incorporation of the Technology Development Board as a body corporate with perpetual succession and a common seal.

• Functions of the Board: The Board is empowered to promote the development and commercial application of indigenous technology and the adaptation of imported technology by providing financial and other support.

• Financial Assistance: The Board may provide assistance in the form of loans, equity participation, grants, or other financial support to industrial concerns, research institutions, and other eligible entities for technology development and commercialisation projects.

• Management of the Board: The Act provides for the composition of the Board, including its Chairperson and members representing the Government, scientific community, industry, and financial institutions, and prescribes their powers and functions.

• Fund of the Board: The Act establishes a dedicated fund for the Board, consisting of grants, loans, recoveries, and other receipts, to finance its activities.

• Accounts and Audit: The Board is required to maintain proper accounts, prepare annual statements, and have its accounts audited in accordance with the Act.

• Rule-making Power: The Central Government is empowered to make rules for carrying out the provisions of the Act.

Sections

Type to filter. 23 sections.

  1. 1Short title and commencement
  2. 2Definitions
  3. 3Constitution and incorporation of the Board
  4. 4Secretary and other officers and employees of the Board
  5. 5Committees of the Board
  6. 6Functions of the Board
  7. 7Application for grant of financial assistance, etc
  8. 8Grants and loans by the Central Government
  9. 9Fund for Technology Development and Application
  10. 10Transfer of money receipts and liabilities
  11. 11Budget
  12. 12Annual report
  13. 13Accounts and audit
  14. 14Annual report and auditor’s report to be laid before Parliament
  15. 15Returns to be furnished to the Board
  16. 16Power of the Central Government to issue directions
  17. 17Power of Central Government to supersede the Board
  18. 18Delegation
  19. 19Members, officers and employees of the Board to be public servants
  20. 20Protection of action taken in good faith
  21. 21Power of Central Government to make rules
  22. 22Power of Board to make regulations
  23. 23Rules and regulations to be laid before Parliament

Rules made under this Act

18 sets of Rules. India Code publishes Rules as a record and a document rather than as text, so these are indexed here and not reproduced. All Rules.

  • TDB Amendament Regulations 20052005
  • TDB Amendament Regulations 20052005
  • TDB Regulation 20022002
  • TDB Regulations 20022002
  • G.S.R 370 (E) TDB Act2001
  • G.S.R 370 (E)- TDB Act.2001
  • G.S.R 668 (E) TDB Act1998
  • G.S.R 668 (E)- TDB Act.1998
  • G.S.R 523 (E) TDB Act1996
  • G.S.R 523 (E)- TDB Act.1996
  • S.O 602 (E)- TDB Act.1996
  • S.O. 602 (E) TDB Act.1996
  • S.O. 614 (E) TDB Act1996
  • S.O. 614 (E) TDB Act.1996
  • S.O. 740 (E) TDB Act.1996
  • S.O. 740 (E) TDB Act.1996
  • TDB Rules 19961996
  • TDB rule 19961996

Related Acts

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 23 sections of this Act has its own page. This page is not a substitute for legal advice.