Exemption from Industrial Regulation Act provisions permits specified undertakings conditional operating freedom; filing and statutory clearances required.
Government exempts specified industrial undertakings from certain provisions of the Industries (Development and Regulation) Act, 1951, subject to conditions: small scale and ancillary units under S.O. 232(E) only if their products are outside Schedule I/II or within Schedule III; other undertakings only if products are outside Schedules I-III and normally located beyond 25 km of large urban peripheries except for designated non polluting industries or prior state industrial areas; new product additions allowed only when not in Schedules I-III and without extra plant investment. MRTP and foreign exchange clearance remains required for relevant companies. Prescribed memoranda must be filed with the Department of Industrial Development. Effective on Gazette publication.