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State of Punjab - Section

Section 10 in The Punjab State Aid to Industries Rules, 1936

10.

[(1) The evaluation of property offered as security for loans the value of Rs. [10,000] [Sub-rules (1) and (2) substituted by Punjab Government notification No. 834-I & L.40/44217, dated 5th November, 1940.]and under, shall ordinarily be done by an officer of the Industries Department free of charge.] [Inserted by Punjab Government notification No. 6978-3C-B-57/63646, dated 18th/20th July, 1957.]
(2)[, The evaluation of property offered as security for loans exceeding Rs. [10,000] [Sub-rule (2) substituted by Punjab Government notification No. 11430-2CB- 58/3379, dated 26th/31st December, 1958.] shall be done free of charge, by an Evaluation Committee, consisting of the following subject to the condition that all applications shall be accompanied by full particulars of property as required by the questionmare appended to this rule as Schedule A :-
(i) For building in urban areas andland underneaththem District Industries Officer or the Assistant DistrictIndustries Officer holding independent charge of the Districtconcerned and Sub Divisional Officer, P.W.D., B.&R. Branch,of the area concerned.
(ii) For land in urban areas, District Industries Officer or the Assistant DistrictIndustries Officer holding independent charge of the Districtconcerned and Tehsildars.
(iii) For land and building in rural areas District Industries Officer or Assistant District IndustriesOfficer holding independent charge of the District concerned andthe Tehsildars of the Tehsil concerned.
(iv) [ for Machinery either in Urban or Rural Areas] [Substituted by Punjab Government notification No. G.S.R. 36/P.A.5/35/Ss.21 and 46/Amd. (11)/71, dated 14th May, 1971.] District Industries Officer or Assistant District IndustriesOfficer holding independent charge of the District concerned and aGazetted Technical Officer concerned of the Department ofIndustries, Punjab.
The convenor of all the four Committees shall be the District Industries Officer or the Assistant District Industries Officer, holding independent charge of the District concerned, as the case may be.][Provided that in the districts of Amritstar, Ferozepur, Gurdaspur, Kapurthala, Jullundur and Ludhiana, the Evaluation of property offered as security for loans, exceeding rupees five thousand to be advanced for -
(1)buildings in urban areas and land underneath them;
(2)for land in urban areas;
(3)for land and building in rural areas; and
(4)for machinery in urban or rural areas;shall be done free of charge, by the Evaluation Committee constituted for each district consisting the following members and three members of the committee shall constitute a quorum at a meeting out of which two members shall be officials.]
Official Members Non-official Members
1. Amritsar (1) Senior District Industries Officer (1) Dr. Baldev Parkash M.L.A.
  (2) Conciliation Officer, Amritsar (2) Shri Jai Inder Singh, M.L.A.
  (3) Representative of Deputy Commissioner (3) Shri Umrao Singh M.L.A
    (4) Shri Gurdip Singh, Secretary, Punjab MachineryManufacturers Association.
    (5) Shri Sardari Lal, Kapur
2. Ferozepur (1) District Industries Officer (1) Shri Kulbir Singh, M.L.A.
  (2) Labour Officer, Patiala (2) Shri Chandi Ram, M.L.A.
  (3) Representative of Deputy Commissioner (3) Guru Jaswant Singh M.L.A.
    (4) Shri Sat Dev, M.L.A.
    (5) Dr. Sham Lal Thapar, M.L.C.
    (6) Shri Ram Nath of M/s. Midha Mal Ram Nath, Ferozepur City.
3. Gurdaspur (1) District Industries Officer, Batala (1) Pt. Mohan Lal, M.L.A.
  (2) Labour Officer, Jullundur (2) Shri Makhan Singh Harruwal, M.L.A.
  (3) Representative of Deputy Commissioner (3) Shri Kharati Lal Sarin M.L.C.
    (4) Shri Rewal Singh, President, Engineering Association ofNorthern India , Batala.
    (5) Shri Vishwa Mitter Sekhri President, Industrial EstateFactories Association, Batala.
4. Jullundur (1) District Industries Officer, Jullundur (1) Shri Karam Singh Kirti, M.L.A.
  (2) Conciliation Officer, Jullundur (2) Shri Yash Paul, M.L.A.
  (3) Representative of Deputy (3) Master Gurbanta Singh
  Commissioner (4) Shri Kartar Singh, M.L.C.
    (5) Shri D.D. Sehgal of M/s. Leader Engineering Works,Jullundur City.
    (6) Shri Satish Mahajan of M/s. Hans Raj Mahajan and SonsJullundur City.
5.Kapurthala (1) Assistant District Industries Officer, Kapurthala (1) Shri Balwant Singh, M.L.A.
  (2) Conciliation Officer, Jullandur (2) Chaudhri Lakhi Singh, M.L.A.
  (3) Representative of Deputy Commissioner (3) S. Inderjit Ghai, Secretary, Phagwara IndustriesAssociation, Kapurthala
    (4) Shri S.S. Khosla, President, Kapurthala IndustriesAssociation, Kapurthala
6. Ludhiana (1) Senior District Industries Officer, Ludhiana (1) Lala Dina Nath Aggarwal, M.L.A.
  (2) Conciliation Officer, Ludhiana (2) Shri Lachhman Singh, M.L.A
  (3) Representative of Deputy Commissioner (3) Shri Satyapal Mittal, M.L.C.
    (4) Shri Harbans Singh, Prop. M/s. Deepak Cycle, IndustrialArea 'B', Ludhiana.
    (5) Shri Bhagat Ram of M/s. Hosiery Industries Federation,Ludhiana.]