The Industries (Development and Regulation) Act, 1951

The Industries (Development and Regulation) Act, 1951 is an Indian law that aims to regulate and develop certain industries in the country. The act empowers the Central Government to control the establishment, expansion, and regulation of industries, to issue licenses for the same, and to regulate the production, supply, and distribution of certain products. The act also provides for the constitution of Industrial Development Boards to advise the Central Government on matters related to industrial development. The act has been amended several times to keep up with changing economic circumstances and to make it more relevant to the needs of the country.