!,  1 1  bill no 16 of 1979 \' the industries (development and regulation) i ~ amendment bill, 1979 a billfurther to amend the industries (developfmnt and regulation) act, 195] be it enacted by parliament in the thirtieth year of the republic of india as follows:-1 (1) this act may be called the industries regulation) amendment act, 1979 (development and short title and com-5 (2) it shall be deemed to have come into force on the 30th day of mence-december, 19'78 ment i 85 ~of 1951 2 in sub-section (2) of section 18fb of the industries (development and regulation) act, 1951 (hereinafter refelted to as the principal act), in clause (b) o,f the proyiso, for the words "five years", the words"eiirht amendment of section 18fb 10 years" shall be substituted 3 in the first schedule to the principal act,-amendmentof the first schedule (a) under the heading "12 miscellaneous mechanical and ilnginiding inwstries: ", after item (3), the following items shall be inserted, namely:- (41) pressure cookers (5) cutlery (6) steel furniture"; (b) under the heading "34 ceramics:", after item (7), the following item shall be inserted, namely:-"(8) graphite crucibles"j (c) under the heading "38 miscellaneous industries: ", after item (2), the following items shall be inserted, namely: -5 "(3) zip fasteners (metallic and non-mettalic) (4) oil stoves" 4 (1) the industries (development and regulation) amendment ordinance, 1978, is hereby repealed repeal and saving (2) nqtwithstanding such repeal, anything done or any action taken 10 under the principal act, as amended by the said ordinance shall be deemed to have been done or taken under the pr:ncipal act, as amended by this act  lok sabha corrigenda to the industries (develophent and regulation) amendment bill, 1979 (1'0 be/as introduced in 10k sabha)1 page 2, line 6,-f2! "non-rnettalic) " read "no n- me t alii c ) " 2 page 3, line 20,-fer "decentral sed" read "decentraji sed" -new deij-ii;  statement of objects and reasons~: the industries (development and regulation) act, 1951, contains pro-,", visions for the taking over of management of industrial undertakin?s pertaining to the industries specified in the first schedule to the act in certain circumstan~es section 18fb of the act empowered the central ',!,; ('rovernment, by the issue of a notified order, to suspend for a maximum ~;i period of five years the operation of all or any of the contracts, assurances ,:, 'of property, agreements, settlements, awards, standing orders' or other instj:llltn6nts in force immediately before the issue of such notified "order over the past few years, experience has shown that it has not : been possible for the central government to bring back sick industrial :; undertakings taken over by government to a state of financial viabillty ~; within the aforesaid period of five years further, in the few mont1s r beginning from january 1979, the maximum period of five years specified i above was expiring in respect of a number of industrial undertakings t'; whose management was with the central government it was, therefore, , necessary to increase this period of five years on an urgent basis 2 the major thrust of the statement on industrial policy presented to 'i~""," parliament in december 1977 is on the rapid development of small scale and cottage industries on a decentralsed basis doubts had been expressed in respect of some of the items reserved for small scale sector as to whe-'i ther these would fall under the first schedule to the act which specifies the industries in respect of which the provisions of the act would apply it was, therefore, necessary to include a few of these items like pressure cookers, cutlery, zip fasteners (metallic and non-metallic), oil-stoves, steel furniture and graphite crucibles in tlje first schedule so that there may not be any scope for such doubts 3 to give effect to the above proposals, an ordinance to amend the industries (development and regulation) act, 1951, was promulgated by the president on the 30th december, 1978 the bill seeks to replace the said ordinance , new drllu; george fernandes t:te 14th february, 1979 (65 of 1951) - - - - - - - - - (2) the notified order made under sub-section (1) shall remain in force, in the first instance, for a period of one year, but the duration of such notified order may be extended from time to time by a further notified order by a period not exceed:ng one year at a time: provided that no such notified order shau, in any case, remain in force-(a) after the expiry of· the period for which the management of the industrial undertaking was taken over under section 18a, section 18aa or section 18fa, or (b) for more than five years in the aggregate from the date of issue of the first notified order, whichever is earlier - - - - power of central govemmentto make certain declarations in relation to industrial undertakings the mana,ementor control 01 which has been taken ove"t under section llla,aection 18aa ersec:uon 18fa a bnl funher to amend the industries (development and regulation) act, 1961 