 bill no 101 of 1981 the economic offences (inapplicability of limitation) amendment bill, 1981 a billfurther to, amend the economic offences (lnapplicability of limitation) act, 1974 be it enacted by parliament in the thirty-seconn year of the republic of india as follows:-1 this act may be called the economic oftences (inapplicability of short limitation) amendment act, 1981 title 5 z in the economic offences (inapplicability of limitation) act, 1974, 12 of 1974 in~he schedule, after entry 20, the following entry shall be inserted, namely:-amendment of the schedule "21 the industries (development ann rei\1lation) act, 1951 - (85 of 1951) "  statement of objects and reasonsexperience of the working of the industries (development and regulation) act, 1951, has revealed that offences under this act rio not gene rally come to light as soon as they are committed further, the investigations for determining as to whether prosecution shoulel be launched in a case require considerable time consequently, there is difficulty, in a number of cases, in launching prosecution for offences under the act within the period of limitation provided in chapter xxxvi of the corie of criminal procedure, 1973 in order to get over this difficulty, it is proposed to include the industries (development and regulation) act, 1951 in the schedule to the economic offences (inapplicability of uimitation) act, 1974 2 the bill seeks to achieve the above object new delhi; narayan datt tiwari the 17th august, 1981  annexure extracts from the economic 'op'fences (inapplicability of limitation) act, 1974 (12 of 1974) •- - - -  the schedule- - (see section 2) - - - 20 the general insurance business (nationalisatlon) act, 1972 (57 of 1972) , a bill further to amend the "economic offences (inapplicability of limitation) act, 1974  - (shri narayan datt tiwari, minister cyj indubtf1j and lflbou1') - 