Memorandum of Understanding.

(1) The Chairman of the State Review Committee or any other Officer authorised by the State Government in this behalf may sign a Memorandum of Understanding with the applicant desirous of setting up an industrial undertaking in the State, if so, approved by the State Single Window Clearance and Monitoring Authority or the State Government, as the case may be. (2) The Memorandum of Understanding shall be signed in the format, as may be prescribed.