Write down the procedure to apply for Industrial License under Industries (Development and Regulation) Act, 1951?
CS Executive · Setting Up of Business, Industrial and Labour Laws · PYQS · December 2023
Write down the procedure to apply for Industrial License under Industries (Development and Regulation) Act, 1951?
Answer & Explanation:
Procedure to apply for Industrial License All applications for Industrial License under the Industries (Development and Regulation) Act, 1951 can now be applied online on the G2B Portal in their respective forms. The Applications are scrutinized for their completeness. Information in respect of incomplete applications is sought from the applicants. If the applications for grant of license are complete in all respects with necessary documents, the Department for Promotion of Industry and Internal Trade (DPIIT) circulates them to concerned administrative ministries, Ministry of Home Affairs, Concerned State Government, and other concerned agencies for their comments. After receipt of Comments from the concerned Ministries/Agencies, files are processed and submitted to the Licensing committee for consideration. The Licensing committee can recommend for grant of license/rejection of proposal/deferment of the proposal, based on the comments received and deliberations in the Committee. After recommendation, the approval of the Minister in charge of DPIIT is obtained for grant of licenses or otherwise.
Topics: Industrial Law
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