section 5
Meetings of the Authority
The Karnataka Innovation Authority Act, 2020(1) The Authority shall meet at such times and places and as per the procedure with regard to transaction of business at its meetings by the regulations. (2) The Authority may invite such other persons as it deems fit to attend a meeting in order to obtain their views or expertise on any item on the agenda for the meeting. (3) The Chairman, or, in absence of the Chairman or under the direction of the Chairman, the Vice-Chairman shall preside over the meeting. (4) All issues which come up before any meeting of the Authority, including decisions as to the exercise of its powers and functions under this Act, shall be decided by consensus among the members of the Authority. (5) Not less than one third of the members of the Authority shall constitute the quorum for a meeting. (6) The Member-Secretary shall exercise such powers and perform such duties as may be prescribed or as may, from time to time, be delegated to him by the Chairman. (ii) The Authority shall have the power to,- (a) designate any agency or instrumentality of the state as a Sandbox Operator for a specified Regulatory Sandbox; and (b) direct any Sandbox Operator for the purpose of this Act and such direction shall be deemed to be a direction of the Government for the purpose of any law; (c) based on its experience, recommend for amendment, if any, necessary to any Acts, Rules or Regulations in force in the State to facilitate the promotion of innovations in the State. The Government may consider the recommendations and bring suitable amendment wherever necessary. (iii) The Authority may hold public consultations with relevant stakeholders prior to, during, or after establishing a Regulatory Sandbox, in such manner as may be prescribed. (iv) The Authority shall also have such powers and perform such functions which as may be prescribed.
Study data processing for this section.
PDF: pending for this language.