Vidhi Codex

The Karnataka Information Technology Investment Regions Act, 2010

The Karnataka Information Technology Investment Regions Act, 2010

General201027 sections

This Act establishes Information Technology Investment Regions in Karnataka to boost investment in technology, IT-enabled services, and electronics manufacturing. It empowers the state government and the Karnataka Industrial Area Development Board to identify suitable land, create master plans, and acquire property for these regions. By providing common infrastructure, residential areas, and support services, the law aims to create self-contained hubs that facilitate the growth of high-tech industries and related economic activities in the state.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement
  3. 2. Definitions.- In this Act, unless the context otherwise requires:-
  4. 3. Declaration of Information Technology Investment Regions
  5. 4. Infrastructure Facilities to be provided by the State Government.
  6. 5. However, the Central Government shall also assist as indicated in the policy Resolution.
  7. 6. Acquisition of Land for Information Technology Investment Regions
  8. 7. Management Board.
  9. 8. Constitution of Management Board and its Functions
  10. 9. Appointment of Chief Executive Officer of the Board
  11. 10. Chief Executive Officer shall be the member secretary of the Board.
  12. 11. Officers and staff of the Board
  13. 12. Constitution of State Level Empowered Committee and its Function.
  14. 13. Board’s Fund
  15. 14. India or in any Scheduled Bank or invested in such securities as may be approved by the State Government.
  16. 15. Board and all other assets vesting in the Board shall be held and applied by it for the purposes of this Act.
  17. 16. Annual report
  18. 17. Penalties.
  19. 18. Resumption of the possession of premises including the residential tenements on breach of
  20. 19. Reference of dispute
  21. 20. Offences by companies
  22. 21. Recovery of sums due to the Board as arrears of land revenue
  23. 22. Act to have overriding effect
  24. 23. Protection of action taken in good faith
  25. 24. Power to make rules
  26. 25. Power to make regulations
  27. 26. Removal of difficulties.

PDF: pending for this language.