6.1 Industries (Development and Regulation) Act, 1951
The Industries (Development and Regulation) Act, 1951 provides for development and regulation of certain industries. The Act has been amended time to time. The last amendment in the said Act was - The Industries (Development and Regulation) Amendment Act, 1984. It provides for Establishment of the Central Advisory Council and Development Councils; regulation of the industries through the processes of registration, licensing and investigation into industries liquidation or reconstruction of companies and miscellaneous provisions. The Act gives a list of industries which requires compulsory licensing.