TECHNOLOGY DEVELOPMENT BOARD
3. Constitution and incorporation of the Board.—(1) The Central Government shall, by
notification in the Official Gazette, constitute, for the purposes of this Act, a Board to be called the
Technology Development Board.
(2) The Board shall be a body corporate by the name aforesaid having perpetual succession and a
common seal with power, subject to the provisions of this Act, to contract and shall, by the said name, sue
and be sued.
(3) The Board shall consist of the following members, namely:—
1. 1st November, 1996,vide notification No. S.O. 602(E), dated 29th August, 1996, see Gazette of India, Extraordinary, Part II,
sec. 3(ii).
(a) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Science and Technology ex officio
Chairperson;
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(4) The term of office and other conditions of service of members specified in clause (g) of
sub-section (3) shall be such as may be prescribed.
(5) The Chairperson shall, in addition to presiding over the meetings of the Board, exercise and
discharge such powers and duties of the Board as may be delegated to him by the Board and such other
powers and duties as may be prescribed.
(6) No act or proceeding of the Board shall be invalidated merely by reason of—
(a) any vacancy in, or any defect in the constitution of, the Board;
(b) any defect in the appointment of a person acting as a member of the Board;
(c) any irregularity in the procedure of the Board not affecting the merits of the case.
4. Secretary and other officers and employees of the Board.—(1) The Board may appoint the
Secretary and such other officers and employees as it considers necessary for the efficient discharge of its
functions under this Act.
(2) The terms and conditions of service of the Secretary and other officers and employees of the
Board shall be such as may be determined by regulations.
5. Committees of the Board.—(1) Subject to the rules made in this behalf, the Board may appoint
such committees as may be necessary for the efficient discharge of its duties and performance of its
functions under this Act.
(2) The Board shall have the power to co-opt as members of any committee appointed under subsection (1), such number of persons who are not members of the Board as it may think fit, and the person
(b) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Scientific and Industrial
Research
ex officio;
(c) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Finance (Expenditure) ex officio;
(d) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Defence Research and
Development
ex officio;
(e) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Industrial Development ex officio;
(f) the Secretary to the Government of India
incharge of the Ministry or Department of the Central
Government dealing with Rural Development ex officio;
(g) such number of persons, not exceeding four as
may be prescribed, to be appointed by the Central
Government from amongst persons having experience
in technology development and application, banking
and finance, industry, agriculture and rural
development; and
(h) Secretary of the Board. ex officio.
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so co-opted shall have the right to attend the meetings of the committee, and take part in the proceedings
of the committee, but shall not have the right to vote.
6. Functions of the Board.—The Board may—
(a) provide equity capital, subject to such conditions as may be determind by regulations, or any
other financial assistance to industrial concerns and other agencies attempting commercial application
of indigenous technology or adapting imported technology to wider domestic applications;
(b) provide financial assistance to such research and development institutions engaged in
developing indigenous technology or adaptation of imported technology for commercial application,
as may be recognised by the Central Government;
(c) perform such other functions as may be entrusted to it by the Central Government.