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Tags Current Affairs

Punjab’s Right to Business bill

Date: 18 January 2020 Tags: Bills & Laws

Issue

The Punjab Cabinet gave its approval to a Punjab Right to Business Bill, 2020, a law aimed at ensuring ease of doing business for the Micro, Small and Medium Enterprises (MSME) sector.

 

Background

The Punjab Department of Industries was preparing to bring an Ordinance, but since a special session of the Assembly has been called, the Right to Business Bill will also be brought before the House on January 17.

 

Details

  • Under the law, an MSME unit can be set up after ‘In-Principle’ approval from the District Bureau of Enterprise, headed by the Deputy Commissioner, working under the guidance of the State Nodal Agency, headed by the Director, Industries.

  • Approval for units in approved Industrial Parks will be given in three working days. For new enterprises outside approved Industrial Parks, the decision on the “Certificate of In-Principle Approval” shall be taken by the District Level Nodal Agency within 15 working days.

  • Unit owners will have three and a half years after setting up the unit to obtain seven approvals from three departments.

  • The industries involving hazardous processes will have to obtain a Fire NOC and get approval for the factory building plan before setting up the unit. All units will have to get environmental clearance from the Pollution Control Board beforehand.

  • The Act will have overriding powers over various Acts of different departments that make approvals necessary before the setting up of small and medium units.

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