Section 2: Duties of the division.
(1) It shall be the duty of the division generally to carry out investigations into any proposed, new and existing undertaking involving any proposed capital expenditure, and in particular, for the purposes of determining the investment valuation of the undertaking, that is-
(a) the actual capital (whether foreign or local) employed or proposed to be employed in the undertaking;
(b) the actual valuation of buildings, plants and other machinery employed or proposed to be employed in the undertaking and any addition thereto.
(2) The division shall also obtain necessary information on economic trends in the country and for this purpose the division shall-
(a) prepare and keep detailed records of matters relating to any undertaking investigated by it;
(b) as far as possible prepare and keep records of all industrial plants and equipment in the country, their value and the value of similar plants and equipment in other countries.
Cite this section
Section 2, INDUSTRIAL INSPECTORATE ACT (1970).
https://repo.podus.ai/laws/industrial-inspectorate-act/section/2/