section 11
Overriding powers of the State Investment Promotion Board
The Chhattisgarh Audyogik Nivesh Protsahan Adhiniyam 2002General200224 sections
Statutory text
- (1) Notwithstanding anything contained in any law enacted by the Legislative Assembly of the State and for the time being in force, the State Board shall, for the purpose of promoting and facilitating investments, exercise powers of the State Government or any authority or agency under it, in respect of the following: (a) All proposals that may be referred to it by the District and Divisional Committees; (b) All proposals that are brought before it by the investor. (c) To hear and decide representations from Investors against any decision of the Divisional Investment Promotion Committee. (d) Nothing contained in the foregoing clauses of this sub-section shall prevent the Board from considering suo motu proposals in regard to investments in projects; (e) Simplification of procedures of the State Government in respect of any or all matters relating to the investment and the operations of the project. (f) Fixation of Minimum Wages consistent with the welfare of labour and competitiveness of investment in the State; (g) To take action according to Government policies in respect of all matters relating to promotion of investment in all sectors of the economy of the State. (2) The Board shall hold at least one meeting every months; Provided that upon a request in writing by an investor, a meeting of the State Board may be held within two weeks of such requisition; Provided further that if no meeting is held upon such request and within the said period, the investor shall be informed in writing the reasons therefor;
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