Technology Development Board Act, 1995

7.   Application for grant of financial assistance etc. 

1. An application for grant of financial assistance for the purposes mentioned under section 6 shall be made to the Board in such form as may be prescribed.
2. The  Board  may, after examining the application  and  after making  such  enquiries as it deems necessary by  order,  in  writing, either grant the financial assistance or refuse to grant the same:

that no refusal of grant shall be made unless an opportunity is given to the applicant of being heard.

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