Industrial & Development Regulation Act 1951 (Test # 1)

IDRA, 1951, Regulates the Industries Specified in the Seventh Schedule to the Act.

IDRA, 1951 empowers the Central Government to Investigate & Take over the Management of Undertaking in Scheduled Industries.

Industrial Undertaking is defined under Section 3(e) of IDRA,1951.

The Term "Effective Steps" includes 50% of more of the capital issued by Public company has been Paidup.

Factory includes a place where manufacturing process is being carried on with the aid of power having 50 or more worker on any day during the preceding 12 Months

Managing Director can not be treated as Owner of the Factory if Company has two more simple directors.

Central Advisory Council may be constructed by with one Chairman & maximum 50 Other Members..

'Productive Capacity' is mentioned under Registration Certificate Issued by Central Government under Section 10 of IDRA, 1951

Even the Central Government is required to register it's own Industrial Undertaking as per IDRA,1951

Functions of 'Advisory Council' includes" to carry on the Scientific Industrial Research"