Compulsory industrial licensing removed for drugs and pharmaceuticals, changing licensing obligations under the Industries Development and Regulation Act. The Central Government, exercising powers under Sub section (1) of Section 29B of the Industries (Development and Regulation) Act, amends S.O. 477(E) by omitting Item 16 from Schedule II so that Drugs and Pharmaceuticals (According to Drug Policy) are no longer listed among industries subject to compulsory industrial licensing.
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Provisions expressly mentioned in the judgment/order text.
Compulsory industrial licensing removed for drugs and pharmaceuticals, changing licensing obligations under the Industries Development and Regulation Act.
The Central Government, exercising powers under Sub section (1) of Section 29B of the Industries (Development and Regulation) Act, amends S.O. 477(E) by omitting Item 16 from Schedule II so that Drugs and Pharmaceuticals (According to Drug Policy) are no longer listed among industries subject to compulsory industrial licensing.
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