THE ASSAM AID TO INDUSTRIES (SMALL AND COTTAGE INDUSTRIES) (AMENDMENT) ACT, 1970

{
    "id": 2951,
    "slug": "assam-aid-to-industries-small-and-cottage-industries-amendment-act-1970",
    "title": "THE ASSAM AID TO INDUSTRIES (SMALL AND COTTAGE INDUSTRIES) (AMENDMENT) ACT, 1970",
    "short_title": "The Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1970",
    "act_number": "7",
    "act_year": 1970,
    "act_type": "STATE",
    "location": "Assam",
    "law_status": "valid",
    "enactment_date": "1970-07-11",
    "description": "The Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1970",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "An ACT",
            "chapter": null,
            "content": "An Act further to amend the Assam Aid to Industries (Small and Cottage Industries) Act, 1955.",
            "footnote": "Assam Act II of 1956",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "Preamble",
            "chapter": null,
            "content": "Whereas it is expedient further to amend the Assam Aid to Industries (Small and Cottage Industries) Act, 1955, hereinafter called the principal Act, in the manner hereinafter appearing;\nIt is hereby enacted in the Twenty-first Year of the Republic of India as follows:-",
            "footnote": "Assam Act II of 1956",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "1",
            "title": "Section 1. Short title, extent and commencement.",
            "chapter": null,
            "content": "Short title, extent and commencement.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "1",
            "title": "Section 1(1)",
            "chapter": null,
            "content": "This Act may be called the Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1970.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "1",
            "title": "Section 1(2)",
            "chapter": null,
            "content": "It shall have the like extent as the principal Act.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 40
        },
        {
            "number": "1",
            "title": "Section 1(3)",
            "chapter": null,
            "content": "It shall come into force at once.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 50
        },
        {
            "number": "2",
            "title": "Section 2. Amendment of section 2 of Assam Act II of 1956.",
            "chapter": null,
            "content": "In section 2 of the principal Act, -\nafter clause (k), the following shall be added as clause (l), namely:-",
            "footnote": "Assam Act II of 1956",
            "is_definition": false,
            "sort_order": 60
        },
        {
            "number": "2",
            "title": "Clause to Section 2",
            "chapter": null,
            "content": "\"(l) Unemployed Engineer/Technologist/Technician means a person possessing either an engineering or a technological or a technical Degree or Diploma from any Government recognised institution but not employed for utilisation of his engineering/technological/technical knowledge and skill and not owning any trade, industries or business of his own or in partnership with others and not having adequate financial resources of his own to set up any business, trade or any Small Scale Industry.\"",
            "footnote": "",
            "is_definition": false,
            "sort_order": 70
        },
        {
            "number": "3",
            "title": "Section 3. Amendment of section 6 of Assam Act II of 1956.",
            "chapter": null,
            "content": "In section 6 of the principal Act,-",
            "footnote": "Assam Act II of 1956",
            "is_definition": false,
            "sort_order": 80
        },
        {
            "number": "3",
            "title": "Clause to Section 3",
            "chapter": null,
            "content": "(1) in the second proviso,-",
            "footnote": "",
            "is_definition": false,
            "sort_order": 90
        },
        {
            "number": "3",
            "title": "Sub-clause to Section 3",
            "chapter": null,
            "content": "(a) for the words \"two thousand and five hundred rupees\" occurring between the words \"upto\" and \"on\" the words \"five thousand rupees\" shall be substituted.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 100
        },
        {
            "number": "3",
            "title": "Sub-clause to Section 3",
            "chapter": null,
            "content": "(b) the punctuation colon \":\" occurring at the end shall be deleted and the words \"in addition to the personal bond of the applicant\" followed by a punctuation colon \":\" shall be added.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 110
        },
        {
            "number": "3",
            "title": "Clause to Section 3",
            "chapter": null,
            "content": "(2) after the fourth proviso, the following proviso shall be added as the fifth proviso, namely:-",
            "footnote": "",
            "is_definition": false,
            "sort_order": 120
        },
        {
            "number": "3",
            "title": "Proviso to Section 3",
            "chapter": null,
            "content": "\"Provided further that the Government or the authority empowered to issue loan may sanction such loan on the personal bond of the applicant and one more guarantor in addition to personal bond subject to a maximum of Rs.7,500 in case of unemployed Engineer/Technologist/Technician who are in need of financial assistance for setting up Small Scale Industries.\"",
            "footnote": "",
            "is_definition": false,
            "sort_order": 130
        }
    ],
    "metadata": {
        "Act ID": "197007",
        "Act Number": "VII",
        "Enactment Date": "1970-07-09",
        "Act Year": "1970",
        "Short Title": "The Assam Aid to Industries (Small and Cottage Industries) (Amendment) Act, 1970",
        "Department": "Law Department",
        "Type": "STATE",
        "Location": "Assam"
    },
    "updated_at": "2026-09-29 21:52:13"
}