Private Industrial Enterprise Law was promulgated in 26th November 1990. An industrial enterprise, using any type of power which is three horse - power and above and /or manpower of ten wage - earning workers and above is required to register under this law. Private industrial enterprise means individual or partnership or company conducting any private industrial enterprises excluding joint ventures with the government.
A person desirous of conducting any private industrial enterprises shall apply for registration in accordance with the private industrial enterprise law to the respective State/Regional/ Naypyitaw Union Territory offices in the prescribed manner.
The tenure of registration is one year. If the entrepreneur applies for the extension of the tenure of registration within 60 days after the expiry of tenure, in addition to the renewal fee, the late fee as prescribed shall also be paid. If the entrepreneur applies for the extension of the tenure of registration within 60 days, the registration of the enterprises is cancelled.