Small Scale Industrial Concern - Definition - Law Dictionary Home Dictionary Definition small-scale-industrial-concern

Definition :

Small-scale industrial concern, means an industrial concern in which the investment in plant and machinery is not in excess of seven and a half lakhs of rupees or such higher amount, not exceeding twenty lakhs of rupees, as the Central Government may, by notification in the Official Gazette, specify in this behalf, having regard to the trends in industrial development and other relevant factors. [Banking Regulation Act, 1949 (10 of 1949), R. 5(na)]