Vidhi Codex

Bare Act

The Karnataka Special Investment Region Act, 2022

General202240 sections14 chapters

This Act establishes Special Investment Regions in Karnataka to boost economic growth by creating designated areas for industrial, commercial, and manufacturing activities. It sets up an Apex Authority to oversee the development of these regions, which include essential infrastructure like roads, water supply, and waste management. The law applies to developers, government agencies, and businesses operating within these zones. By streamlining approvals and providing necessary amenities, the Act aims to attract investment, create jobs, and enhance the overall economic productivity of the state.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title and commencement
  2. 2Definitions

Chapter II DECLARATION OF SPECIAL INVESTMENT REGION →

  1. 3Declaration of Special Investment Region
  2. 4Special Investment Region to be out of jurisdiction of the local authority

Chapter III ESTABLISHMENT OF THE APEX AUTHORITY →

  1. 5Establishment of the Apex Authority
  2. 6Powers and functions of Apex Authority
  3. 7Appointment of Executive Committee and other committees

Chapter IV CONSTITUTION OF REGIONAL DEVELOPMENT AUTHORITY →

  1. 8Constitution of Regional development authority
  2. 9Headquarters of Regional development authority
  3. 10Appointment of members in Regional development authority
  4. 11Term of office and conditions of service of members
  5. 12Meeting of the Regional development authority and transaction of business
  6. 13Constitution of committees
  7. 14Acts and proceedings of the Regional development authority and committees presumed to be valid

Chapter V POWERS AND FUNCTIONS OF THE REGIONAL DEVELOPMENT AUTHORITY →

  1. 15Powers and functions of the Regional Development Authority
  2. 16No erection, etc. by any person or entity without permission of Regional development authority
  3. 17Application of the Karnataka Town and Country Planning Act 1961.

Chapter VI PROCEDURE FOR SETTING UP OF UNITS AND AMENITIES IN THE SPECIAL INVESTMENT REGION →

  1. 18Setting up of units and amenities in the Special Investment Region.
  2. 19Units and amenities of the Special Economic Zone in the Special Investment Region to be governed under the relevant Act.

Chapter VII DEVELOPMENT AND EXECUTION OF INFRASTUCTURE PROJECTS →

  1. 20Project development agency.
  2. 21Transfer of possession of assets to the Government company for infrastructure development.
  3. 22Award of projects to a developer.
  4. 23Integrated development of a large area in the Special Investment Region.

Chapter VIII ALLOCATION OF PREMISES, EVICTION AND RECOVERY OF DUES →

  1. 24Allocation of premises in the Special Investment Region
  2. 25Resumption of the possession of premises including the residential tenements on breach of terms or conditions of lease or holding without authority

Chapter IX REDRESSAL OF GRIEVANCES AND SETTLEMENT OF DISPUTES →

  1. 26Redressal of grievances and settlement of disputes
  2. 27Dispute Settlement Mechanism

Chapter X CONTROL, REGULATION AND DEVELOPMENT IN THE SPECIAL INVESTMENT REGION →

  1. 28Control, regulation and development

Chapter XI SPECIAL INVESTMENT REGION TO BE AN INDUSTRIAL TOWNSHIP →

  1. 29Special Investment Region to be an Industrial Township

Chapter XII FINANCE, ACCOUNTS AND ANNUAL REPORTS OF THE REGIONAL DEVELOPMENT AUTHORITY →

  1. 30Funds of the Regional development authority
  2. 31Accounts and audit
  3. 32Annual report

Chapter XIII MISCELLANEOUS →

  1. 33Act to override other State laws
  2. 34Land deemed to be for public purpose
  3. 35Members, officers and employees to be public servants
  4. 36Protection of action taken in good faith

Chapter XIV POWERS TO MAKE RULES, ISSUE DIRECTIONS AND REGULATIONS AND REMOVE DIFFICULTIES →

  1. 37Power to make rules
  2. 38Power of Government to give directions
  3. 39Power to make regulations
  4. 40Power of State Government to remove difficulties

PDF: pending for this language.