The Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1960

The 2nd December 1960 No.LJL.37/60 .—The following Act of the Assam Legislative Assembly which received the assent of the Governor is hereby published for general information. Received the assent o f the Governor on the 29th November 1960. ASSAM ACT No.XXX OF 1960 THE ASSAM AID TO INDUSTRIES (SMALL AND COTTAGE INDUSTRIES) (AMENDMENT) ACT, 1960 (As passed by the Assembly) [Published in the Assam Gazette, Extraordinai y, dated the 2nd December 1960] An Act further to amend the Assam Aid to Industries (Sm all and Cottage Industries) Act, 1955 Preamble. Whereas it is expedient further to amend the Assam Aid to Industries (Small and Cottage Industries) Act, Assam Act 1955, hereinafter called the Principal Act, in the II of D56. manner hereinafter appearing ; It is hereby enacted in the Eleventh Year of the Republic of India as follows Short title, 1. (I) This Act may be called the Assam Aid to extent and Industries (Small and Cottage Industries) (Amend- commence-ment. m e n t ) A c t > 1 9 6 0 - (2) It shall have the like extent as the Principal Act. (3) It shall come into force at once. 2. In Section 2 of the Principal Act, for clause (g), the following shall be substituted, namely ;— “ (g) ‘Small Industry’ means an industrial unit with a capital investment of not more than Rs.5 lakhs irrespective of the number of persons employed.” B. C. BARUA, Secretary to the Govt, of Assam, Law Deptt. Amendment of Section 2 of Assam Act I I of 1956.