(1) In the Factories Act, 1948, in section 2, in clause(m) will be substituted as follows
(i) in sub-clause (i), for the word "ten", the word "twenty" shall be substituted;and
(ii) in sub-clause (ii), for the word "twenty", the word "forty" shall be substituted.
(2) In the Factories act, 1948, in section 5, the following section shall be iserted namely:- "5-A (Power to exempt new factories in public interest)- Where the State Government is satisifed in the public interest that it is neccessary to create more economic activites and employment opportunities, it may, by notification in the official Gazette, exempt, subject to such conditions as it may think fit, any new factory or class or description of news factories which are established and whose commercial production start, from all or any of the provisions of this Act for a period of one thousand days from the date on which such commercial production start."
Explanation.— For the purpose of this section the expression"New Factory or class or descripition of new factories" means such factory or class or description of facotries which are established and whose commercial production start within a period of one thousand days after the commencement of the Factories (Bihar Amendment) Act, 2020.
(3) In the Factories Act, 1948, in the Clause (i) of sub section 1 of Section-85 of the Act, for the word "ten", the word "twenty"and for the word "twenty", the word "forty" shall be substituted.