The Sikkim Industries Licensing Act, 1982
The Sikkim Industries Licensing Act, 1982
This Act regulates industrial activity in Sikkim, requiring businesses to obtain government licences before establishing or continuing operations. Small enterprises and larger industries must comply with application procedures involving fees of up to Rs. 10,000, while renewals require fees up to Rs. 5,000. The law imposes specific conditions on licences including employment quotas for resident Sikkimese, share ownership requirements, production limits, location specifications, and quality control measures. By mandating licensing oversight, the legislation enables the Sikkim government to monitor industrial development, ensuring local economic benefits while maintaining public interest standards in the state's economic activities.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Licence for establishing an industry
- 4. Procedure for obtaining Licence
- 5. Duration and renewal of Licence
- 6. Variation, suspension and revocation of licences
- 7. Abolition of exclusive right
- 8. Repeal of notification No. 2/TIC
- 9. Submission of Returns
- 10. Licence holder to deposit certian amount with Government
- 11. Incentives to certain industries
- 12. Offences by companies
- 13. Protection of action in good faith
- 14. Bar to suits
- 15. Penalties
- 16. Power to make rules
- 17. Repeal and saving
PDF: pending for this language.