Industrial Development and Regulation Act 1951 Key Highlights:
* Preamble-To provide for development and regulation of certain industries .
* Implementation-
By Dept. of Industrial policy and promotion,Ministry of Commerce & Industry ,Govt of India.
* Act divided in Two parts-
1- Developmental Aspect
Central Advisory Council
Developmental council.
By Dept. of Industrial policy and promotion,Ministry of Commerce & Industry ,Govt of India.
* Act divided in Two parts-
1- Developmental Aspect
Central Advisory Council
Developmental council.
2-Regulatory aspect.
Control.
Investigation
Take over of control and management.
Control.
Investigation
Take over of control and management.
* Exemptions-
section 29B.
section 29B.
*Definations -section 3.
* Central Advisory Council - section 5.
* Development Council-
Section 6.
Section 6.
* Regulation of scheduled industries.
- Reg .of existing industrial undertaking.
-Issue of certificate of Reg.
- Circumstances when Reg not necessary
-Penalty for faliure to Reg.
-Power to revoke Reg.
- Reg .of existing industrial undertaking.
-Issue of certificate of Reg.
- Circumstances when Reg not necessary
-Penalty for faliure to Reg.
-Power to revoke Reg.
* Licensing of industrial undertaking.
* Investigation-sec 15
*Take over of industrial undertaking.
-Take over after investigation-sec 18 A.
-Take over without Investigation-18AA.
-Take over without Investigation-18AA.
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