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The Industries (Development And Regulation) Act,

The Industries (Development And Regulation) Act, 1951

 

CONTENTS

   

Sections

Particulars

      
Preamble
   
Chapter I Preliminary
1 Short title, extent and commencement
2 Declaration is to expediency of control by the Union
3 Definitions
4 Saving
     
Chapter II The Central Advisory Council and Development Council
5 Establishment and constitution of Central Advisory Council and its functions
6 Establishment and constitution of Development Council and their functions
7 Reports and accounts of Development Councils
8 Dissolution of Development Council
9 Imposition of cess on schedule industries in certain cases
   
Chapter III Regulation of scheduled Industries
10 Registration of existing industrial undertakings
10A Revocation of registration in certain cases
11 Licensing of new industrial undertakings
11A Licence for producing or manufacturing new articles
11B Power of Central Government to specify the requirements which shall be complied with by small-scale industrial Undertakings
12 Revocation and amendment of licences in certain cases
13 Further provision for licensing of industrial undertakings in special cases
14 Procedure for the grant of licence or permission
15 Power to cause investigation to be made into scheduled industries or industrial undertakings
15A Power to investigate into the affairs of a company in liquidation
16 Power of Central Government on completion of investigation under Section 15.
17 Special provision for direct control by Central Government in certain cases
18 Power of persons or body of persons appointed under section 15 to call for assistance in any investigation
    
Chapter III-A Direct management or control of Industrial Undertakings by Central Government in certain cases
18A Power of Central Government to assume management or control of an industrial undertaking in certain cases
18AA Power to take over industrial undertaking without investigation under certain circumstances
18B Effect of notified order under section 18-A
18C Contracts in bad faith, etc may be cancelled or varied.
18D No right to compensation for termination of office or contract
18E Application of Act 7 of 1913
18F Power 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
18FA Power of Central Government to authorize, with the permission of the High Court, persons to take over management or control of industrial undertakings
     
Chapter III-AB Power to provide relief to certain industrial undertakings
18FB Power 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-AC Liquidation or reconstruction of companies
18FC Power of Central Government to call for report on the affairs and working of managed company
18FD Decision of Central Government in relation to managed company
18FE Provisions where Government decides to follow the course of action specified in Section 18 FD
18FF Provisions where Government decides to follow the course of action specified in Section 18 FD (2)
18FG Preparation of inventory of assets and liabilities and list of members and creditors of managed company
18FH Stay of suits and other proceedings
       
Chapter III-B Control of supply, distribution, price etc. of certain articles
18G Power to control supply, distribution, price, etc., of certain articles
19 Powers of inspection
20 General prohibition of taking over management or control of industrial undertakings
21 Certain administrative expenses of Development Councils to be paid from moneys provided by Parliament.
22 Power of the Central Government to issue directions to Development Councils
23 Decision of Central Government final respecting certain matters
24 Penalties
24A Penalty for false statements
25 Delegation of powers
26 Power to issue directions
27 Cognizance of offences
28 Burden of proof in certain cases
29 Jurisdiction of Courts
29A Special provision regarding fines
29B Power to exempt in special cases
29C Protection of action taken under the Act
29D Debts incurred by the authorised person to have priority
30 Power to make rules
31 Application of other laws not barred
32 Amendment of section 2, Act 14 of 1947
       
SCHEDULES   
1 THE FIRST SCHEDULE
2 THE SECOND SCHEDULE
3 THE THIRD SCHEDULE
      
   NOTIFICATION

 

Indian Laws – Bare Acts

 

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