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[Cites 0, Cited by 0] [Section 6] [Entire Act]

State of Punjab - Subsection

Section 6(3) in The Punjab Legislative Assembly (Grant of Advance to Members) Rules, 1979

(3)The Sanctioning Authority shall sanction a repayable advance to the member for conversion of a petrol driven Motor-car or a Jeep to a diesel driven vehicle subject to the following conditions :-
(i)The member shall execute an agreement in Form 'I' before the drawal of the advance;
(ii)The member shall get the petrol driven Motor-car or a Jeep converted to a diesel driven vehicle within a period of one month from the date of drawal of the advance;
(iii)The member shall hypothecate the petrol driven Motor-car or a Jeep to be converted to a diesel-driven vehicle in favour of the Government in Form 'G' before the drawal of the advance; and
(iv)The member shall get the said diesel driven Vehicle comprehensively insured during the period the advance along with interest is not fully repaid.