Section 12, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-6WT]

As at 6 September 2026. In force from 11 January 2003.

In Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [A11-87M]. This text from 11 January 2003. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 12, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-6WT]. Machine: S21-6WT.

12. Prohibition of employment in an industry without licence.—No person shall undertake employment in an industry except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to employment in an industry undertaken by or on behalf of the Central Government or a State Government.

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