(1) Every industry shall, after the commencement of its commercial production or transaction, submit such details as prescribed to the industry registration body within six months after the end of each fiscal year.
(2) The details to be submitted under subsection (1) may also be submitted through electronic means as prescribed.
(3) Notwithstanding anything contained in subsection (1), an industry shall provide null details for the period even if it remains closed for more than one fiscal year or does not make production or transaction for any reason.
Provided that after such industry gives information of its closure to the industry registration body and it is recorded, it need not provide l details for the period of closure.