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of <h1>New Notification Exempts Small-Scale Industries from Certain Provisions of the Industries Act, 1951; Requires Memoranda Filing.</h1> The Central Government has issued a notification under the Industries (Development and Regulation) Act, 1951, superseding previous notifications and exempting certain industrial undertakings from specific provisions of the Act. This exemption applies to small-scale and ancillary industrial undertakings, provided their manufactured articles are not listed in specified schedules, and to other industrial undertakings with conditions on location and investment. Additionally, undertakings under the Monopolies and Restrictive Trade Practices Act and the Foreign Exchange Regulation Act require clearance. The notification mandates filing memoranda with the Department of Industrial Development and is effective upon publication in the Official Gazette.
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