Section 57 in The Punjab State Aid to Industries Rules, 1936
57. Maximum period for Utilisation of amount of subsidy.
- The amount of subsidy shall be utilised for the purpose for which it is sanctioned within a period of six months from the date of execution of the bond under rule 6 :-Provided that the Director may, for sufficient reasons, to be recorded in writing, extend the period for the utilization of subsidy for a further period of three months.
