The Industries (Development And Regulation) Act, 1951
In this Act unless the context otherwise requires. –
(a) Advisory Council” means the Central Advisory, Council established under section 5:
1[(aa) “Ancillary industrial undertaking” means an industrial undertaking which, in accordance with the proviso to subsection (1) of section 11 B and the requirements specified under that sub-section, is entitled to be regarded as an ancillary industrial undertaking for the purposes of this Act:]
4[(ab) “Current assets” means bank balances and cash and includes such other assets or reserves as are expected to be realized in cash or sold or consumed within a period of not more than twelve months in the ordinary course of business, such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, advance tax payments and bills receivable, but does not include sums credited to a provident fund, a pension fund, a gratuity fund or any other fund for the welfare of the employees, maintained by a company owning an industrial undertaking].
4[(ac) “Current liabilities” means liabilities which must be met on demand or within a period of twelve months from the date they are incurred; and includes any current liability which is suspended under section 18FB;]
(b) “Development Council” means a Development Council established under section 6-.
2[(bb) Existing industrial undertaking” means-
(a) In the case of File industrial undertaking pertaining to any of the industries specified in the First Schedule as originally enacted, an industrial undertaking which was in existence on the commencement of this Act or for the establishment of which effective steps had been taken before such commencement, and
(b) In the case of an industrial undertaking pertaining to any of the industries added to the First Schedule by an amendment thereof. an industrial undertaking which is in existence oil the coming into force of such amendment, or for the establishment of which effective steps had been taken before the coming into force of such amendment;]
(c) “Factory” means any premises, including the precincts thereof, in any part of which a manufacturing process is being carried oil or is ordinarily so carried on-
(i) With the aid of power, provided that fifty or more workers are working or were working thereon on any day of the preceding twelve months. or
(ii) Without the and of power,, provided that one hundred or more workers are working or were working thereon any, day of the preceding twelve months and provided further that in no part of such premises any manufacturing process is being carried on with the aid of power-,
3[(cc) “High Court’ means the High Court having jurisdiction in relational to the place at which the registered office of a company is situate;]
(d) “Industrial -undertaking”’ means any undertaking pertaining to a scheduled industry carried oil in one or more factories by any person or authority including Government.
5(dd) “New article” in relation to an industrial undertaking which is registered or in respect of which a licence or permission has been issued under this Act means-
(a) Any article which falls under in item in the First Schedule other than the item under which articles ordinarily manufactured or produced in the industrial undertaking at the date of registration or issue of the licence or permission, as the case may be, fall-,
(b) Any article which bears a mark as defined in the Trade Marks Act, 1940(5 of 1940) 6, or which is the subject of a patent, if at the date of registration or issue of the licence or permission, as the case may be, the industrial undertaking was not manufacturing or producing such article hearing that mark or which is the subject of that patent;]
(e) Notified order” means an order notified in the Official Gazette;
(f) “Owner”, in mention to an industrial undertaking, means the person who or the authority which has the ultimate control over the affairs of the undertaking, and, where the said affairs are entrusted to a manager, managing director or managing agent, such manager, managing director or managing agent shall be deemed to be the owner of the undertaking
(g) “Prescribed” means prescribed by miles made under this Act-.
(h) “Schedule” means a Schedule to this Act-,
(i) “Schedule industry” inches any of the industries specified in the First Schedule-,
7[(j) “Small scale industrial undertaking” means Fair industrial undertaking which in accordance with the requirements specified under sub-section (I) of section 11B. is entitled to be regarded as a small scale industrial undertaking for the purposes of this Act;]
8[9[(k)] Words and expressions used herein but not defined in this Act and detailed in the Companies Act, 1956 (1 of 1956), have the meanings respectively assigned to them in that Act.]
1. Ins. by, Act 4 of 1994. Sec. 2 (w.e.f. 12-1-1994).
2. Ins. by Act 26 of 1953, sec. 2 (w.e.f 1-10-1953).
3. Ins. by Act 72 of 1971, sec. 2 (w.e.f. 1-11-1971).
4. Clause (aa) and (ab) ins. by Act 72 of 1971, sec, 2 (w.e.f –11-1971) and relettered as clauses (ab) and (ac) by Act of 1984, sec. 2 (w.e.f. 12-1-1984).
5. Ins. by Act 26 of 1953, sec. 2 (w.e.f 1-10-1953).
6. See now the Trade and Merchandise Marks Act, 1958 (43 of 1953).
7. Ins. by Act 4 of 2984, sec. 2 (w.e.f. 12-1-1984).
8. Ins. by Act 72 of 1971, sec. 2 (w.e.f. 1-11-1971).
9. Clause (j) relettered as clause (k) by Act 4 of 1984, sec. 2 (w.e.f. 12-1-1984).