Bare Act
The Goa Investment Promotion Act, 2014
General201433 sections
This law aims to make it easier for businesses to invest in Goa by creating a special board that helps investors get the necessary permissions and clearances quickly. It applies to anyone looking to start a new business or expand an existing one, including companies, partnerships, and foreign entities, covering everything from manufacturing to services. By streamlining the approval process and providing dedicated support, the Act seeks to attract more capital and economic activity to the state, ultimately boosting its development and creating jobs for local residents.
- 0. Preamble
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Constitution and purpose of the Board.
- 4. Meeting of the Board.
- 5. Powers, duties and functions of the Board.
- 6. Functions and responsibilities of Investment Officer.
- 7. Investment Promotion Area.
- 8. Restrictions.
- 9. Removal of member of the Board.
- 10. Power of the Government to dissolve the Board.
- 11. Chief Executive Officer, Officers and other employees of the Board.
- 12. Grants by Government.
- 13. Fund of the Board.
- 14. Budget.
- 15. Annual Report.
- 16. Accounts and audit.
- 17. Application for clearance.
- 18. Powers to seek additional information.
- 19. Combined Application Form (CAF).
- 20. Time limit for processing of applications.
- 21. Expert or Consultant.
- 22. Implementation of the Goa Investment Policy.
- 23. Powers to give directions.
- 24. Power to make rules.
- 25. Power to make regulations.
- 26. Protection of action taken in good faith.
- 27. Members, officers and employees of the Board, constituted under this Act to be public servants
- 28. Bar of jurisdiction.
- 29. Power to delegate.
- 30. Local authorities to assist.
- 31. Overriding effect.
- 32. Power to remove difficulties.
PDF: pending for this language.