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    Idra, 1951 (Industries Development Regulation Act)

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    swesi
    The Industries (Development and Regulation) Act of 1951, also known as the IDR Act, provides the legal framework for industrial development and industries in India. The act determines licensing policies for industries and defines small-scale industries based on factors such as investment, ownership, number of employees, and cost and quality of products. It also reserves certain products for exclusive production in the small-scale sector. The conceptual and legal framework for small-scale and ancillary industries is derived from Section 11B and 29B of this act.

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    Idra, 1951 (Industries Development Regulation Act)

    Uploaded by

    swesi
    4K views1 page
    The Industries (Development and Regulation) Act of 1951, also known as the IDR Act, provides the legal framework for industrial development and industries in India. The act determines licensing policies for industries and defines small-scale industries based on factors such as investment, ownership, number of employees, and cost and quality of products. It also reserves certain products for exclusive production in the small-scale sector. The conceptual and legal framework for small-scale and ancillary industries is derived from Section 11B and 29B of this act.

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    Idra ,1951 (Industries Development Regulation Act)

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    The Industries (Development and Regulation) Act of 1951, also known as the IDR Act, provides the legal framework for industrial development and industries in India. The act determines licensing policies for industries and defines small-scale industries based on factors such as investment, ownership, number of employees, and cost and quality of products. It also reserves certain products for exclusive production in the small-scale sector. The conceptual and legal framework for small-scale and ancillary industries is derived from Section 11B and 29B of this act.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    4K views1 page

    Idra, 1951 (Industries Development Regulation Act)

    Uploaded by

    swesi
    The Industries (Development and Regulation) Act of 1951, also known as the IDR Act, provides the legal framework for industrial development and industries in India. The act determines licensing policies for industries and defines small-scale industries based on factors such as investment, ownership, number of employees, and cost and quality of products. It also reserves certain products for exclusive production in the small-scale sector. The conceptual and legal framework for small-scale and ancillary industries is derived from Section 11B and 29B of this act.

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    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    IDRA ,1951

    (INDUSTRIES DEVELOPMENT REGULATION ACT)


    The Industries (Development and Regulation) Act provides the conceptual and legal framework for industrial
    development and industries in India. It is briefly known as the IDR Act. The act was enacted in 1951 and a
    number of amendments have been made in the Act.

    The licensing policy for industries is determined under this act.

    Section 11-B provides the power to specify the definition of SSI in consideration of factors relating to:

    Investment of unit in fixed assets

    Nature of ownership

    Smallness of number of workers employed

    Nature, cost and quality of product etc.,

    Section 29-B provides for reservation of products for exclusive production in the small-scale sector.

    The portions of the Act and subsequent notifications for amendments related to the small scale and ancillary
    industrial undertakings have been reproduced here for reference. The major ones are

    1. Industries (Development and Regulation) Act, 1951.

    Explanatory Note:

    The conceptual and legal framework for small scale and ancillary industrial undertakings is derived
    from the IDR Act, 1951. Section 11 B of the Act specifies the general requirements that are to be
    complied with by small-scale units. The Section is quoted below: -

    SECTION 11-B

    "Power of Central Government to specify the requirements which shall be complied with by small
    scale industrial undertakings:

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