Oil Industry (Development) Act, 1974

The Oil Industry (Development) Act, 1974

तेल उद्योग (विकास ) अधिनियम, 1974

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	197447
Act Number:	47
Enactment Date:	1974-09-26
Act Year:	1974
Short Title:	The Oil Industry (Development) Act, 1974
Hindi Title:	तेल उद्योग (विकास ) अधिनियम, 1974
Long Title:	An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith.
Ministry:	Ministry of Petroleum and Natural Gas
Enforcement Date:	26-09-1974


Schedule 1. THE SCHEDULE Order Appendix Forms

Title	Files

Title	Files

Title	Files

Show all section The Oil Industry (Development) Act, 1974

CHAPTER I

PRELIMINARY

CHAPTER II

THE OIL INDUSTRY DEVELOPMENT BOARD

CHAPTER III

FINANCE, ACCOUNTS AND AUDIT

CHAPTER IV

CONTROL BY THE CENTRAL GOVERNMENT

CHAPTER V

MISCELLANEOUS


Section 1. Short title and extent. Show Related Subordinates
Section 2. Definitions.
Section 3. Establishment and constitution of the Board.
Section 4. Conditions of service of members. Show Related Subordinates
Section 5. Secretary, officers, consultants and employees of the Board.
Section 6. Functions of the Board.
Section 7. Principles and conditions of assistance.
Section 8. Power to call for repayment before agreed period.
Section 9. Special provisions for enforcement of claims by the Board.
Section 10. Power of Board to appoint Directors of oil industrial concern.
Section 11. Effect of notified order appointing Director.
Section 12. Powers and duties of the Directors.
Section 13. No right to compensation for loss of office.
Section 14. Application of Act 1 of 1956.
Section 15. Duties of excise.
Section 16. Crediting of proceeds of duty to Consolidated Fund of India.
Section 17. Grants and loans by the Central Government.
Section 18. Oil Industry Development Fund.
Section 19. Power to borrow.
Section 20. Accounts and audit.
Section 21. Power to require persons engaged in oil industry to maintain and produce books, accounts and records relating to business and inspection thereof.
Section 22. Directions by the Central Government.
Section 22A. Omitted..
Section 23. Penalties
Section 24. Other penalties.
Section 25. Offences by companies.
Section 26. Jurisdiction of courts.
Section 27. Previous sanction of Central Government.
Section 28. Protection of action taken in good faith.
Section 29. Dissolution of the Board
Section 30. Act to have overriding effect.
Section 31. Power to make rules. Show Related Subordinates


Schedule 1. THE SCHEDULE Order Appendix Forms

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
09-08-1978	Oil Industry Development Board Employees (Medical Attendance) Rules, 1978,
26-12-1983	Oil Industry Development Board Employees” (Death-cum-Retirement) Gratuity Rules, 1983
12-04-1984	Oil Industry (Development) Board Employees (Leave) Rules, 1984.
26-06-1984	Oil Industry Development Board Employees' (Traveling Allowance) Rules, 1984.
12-07-1984	Oil Industry Development Board Employees’ (General Conditions of Service) Rules, 1978,
11-01-1988	Oil Industry Development Board Employees’ (Conduct, Discipline and Appeal) Rules, 1988.
16-11-1990	Oil Industry Development Board Employees’ (Pension) Rules, 1990.

Schedule 1. THE SCHEDULE