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State of Punjab - Section

Section 26 in The Punjab Industrial Facilitation Act, 2005

26. Power to give concessions.

(1)The State Government may, with a view to facilitate the industrial investment in the State of Punjab, give concession to any industrial undertaking or group of industrial undertakings, subject to such conditions, as may be prescribed.
(2)While giving such concession, the Government may, relax the relevant rules and regulations, framed under any State Law.