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State of Punjab - Section

Section 26 in Punjab State Aid to Industries Act, 1935

26. Inspection and returns.

- In any case in which an application for a loan has been made under this Chapter the applicant, and at any time during the currency of a loan that has been granted the borrower, shall be bound -
(a)to comply with any general or special order of the Director relating to the inspection of the premises, building, machinery and stock in- hand of the industry;
(b)to permit the inspection of all accounts relative to the industry;
(c)to furnish full returns of all products manufactured or sold, both as regards description and quantity;
(d)to maintain such special accounts and to furnish such statements as the Director may from time to time require; and
(e)to submit the accounts of the industry to such audit as the Director may prescribe.