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The Industries (Development And Regulation) Act,

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The Industries (Development And Regulation) Act, 1951

 

CONTENTS

  

Sections

Particulars

      
Preamble
  
Chapter IPreliminary
1Short title, extent and commencement
2Declaration is to expediency of control by the Union
3Definitions
4Saving
    
Chapter IIThe Central Advisory Council and Development Council
5Establishment and constitution of Central Advisory Council and its functions
6Establishment and constitution of Development Council and their functions
7Reports and accounts of Development Councils
8Dissolution of Development Council
9Imposition of cess on schedule industries in certain cases
  
Chapter IIIRegulation of scheduled Industries
10Registration of existing industrial undertakings
10ARevocation of registration in certain cases
11Licensing of new industrial undertakings
11ALicence for producing or manufacturing new articles
11BPower of Central Government to specify the requirements which shall be complied with by small-scale industrial Undertakings
12Revocation and amendment of licences in certain cases
13Further provision for licensing of industrial undertakings in special cases
14Procedure for the grant of licence or permission
15Power to cause investigation to be made into scheduled industries or industrial undertakings
15APower to investigate into the affairs of a company in liquidation
16Power of Central Government on completion of investigation under Section 15.
17Special provision for direct control by Central Government in certain cases
18Power of persons or body of persons appointed under section 15 to call for assistance in any investigation
   
Chapter III-ADirect management or control of Industrial Undertakings by Central Government in certain cases
18APower of Central Government to assume management or control of an industrial undertaking in certain cases
18AAPower to take over industrial undertaking without investigation under certain circumstances
18BEffect of notified order under section 18-A
18CContracts in bad faith, etc may be cancelled or varied.
18DNo right to compensation for termination of office or contract
18EApplication of Act 7 of 1913
18FPower of Central Government to cancel notified order under Section 18-A
  

Chapter III-AA

Management or control of industrial undertakings owned by companies in liquidation
18FAPower of Central Government to authorize, with the permission of the High Court, persons to take over management or control of industrial undertakings
    
Chapter III-ABPower to provide relief to certain industrial undertakings
18FBPower of Central Government to make certain declarations in relation to industrial undertakings, the management or control of which has been taken over under section A, section 18 AA or section 18 FA
     
Chapter III-ACLiquidation or reconstruction of companies
18FCPower of Central Government to call for report on the affairs and working of managed company
18FDDecision of Central Government in relation to managed company
18FEProvisions where Government decides to follow the course of action specified in Section 18 FD
18FFProvisions where Government decides to follow the course of action specified in Section 18 FD (2)
18FGPreparation of inventory of assets and liabilities and list of members and creditors of managed company
18FHStay of suits and other proceedings
      
Chapter III-BControl of supply, distribution, price etc. of certain articles
18GPower to control supply, distribution, price, etc., of certain articles
19Powers of inspection
20General prohibition of taking over management or control of industrial undertakings
21Certain administrative expenses of Development Councils to be paid from moneys provided by Parliament.
22Power of the Central Government to issue directions to Development Councils
23Decision of Central Government final respecting certain matters
24Penalties
24APenalty for false statements
25Delegation of powers
26Power to issue directions
27Cognizance of offences
28Burden of proof in certain cases
29Jurisdiction of Courts
29ASpecial provision regarding fines
29BPower to exempt in special cases
29CProtection of action taken under the Act
29DDebts incurred by the authorised person to have priority
30Power to make rules
31Application of other laws not barred
32Amendment of section 2, Act 14 of 1947
      
SCHEDULES   
1THE FIRST SCHEDULE
2THE SECOND SCHEDULE
3THE THIRD SCHEDULE
     
  NOTIFICATION

 

Indian Laws – Bare Acts

 

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