Bill to boost investment in Punjab Cabinet today - ECAS Punjab

Bill to boost investment in Punjab Cabinet today

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Tribune News Service

Chandigarh, October 18

To improve the state's investment and generate employment, the Punjab Cabinet today approved conversion of the Factories (Punjab Amendment) Ordinance, 2020, into a Bill to be tabled for enactment in the Vidhan Sabha tomorrow.

Other bills

  • Punjab State Vigilance Commission Bill
  • Registration (Punjab Amendment) Bill
  • Punjab Tissue Culture Based Seed Potato Bill

  • Punjab Vesting of Proprietary Rights Bill

The approval came during a meeting of the Council of Ministers headed by Chief Minister Captain Amarinder Singh. The Bill provides for changing the existing threshold limit for small units from 10 and 20 to 20 and 40, respectively. The change has been necessitated by the increase in manufacturing activity by small units in the state and is aimed at promoting small manufacturing units.

This would help create more employment opportunities. Consequently, the existing Section 85 of the Act would also stand amended, according to an official spokesperson. Further, in view of the absence of any provision in the existing law for compounding of offences for violations found at the time of inspection of factories, the Bill will also incorporate Section 106B in the Act. This will facilitate faster settlement of cases and reduction in court action. The Bill is aligned to the advice of Legal Remembrancer, said the spokesperson.

from The Tribune

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