Chapter III ESTABLISHMENT OF THE APEX AUTHORITY

The Karnataka Industrial Area Development Board (KIADB), established under section 5 of the Karnataka Industrial Areas Development Act, 1966 (Karnataka Act 18 of 1966), shall be the Special Investment Region Apex Authority, hereinafter called Apex Authority, for the purposes of this Act.

(1) The Apex Authority shall exercise all powers conferred on it and discharge all functions assigned to it for any Special Investment Region declared under the provisions of this Act. (2) Without prejudice to the generality of foregoing powers, the powers and functions of the Apex Authority shall also include the following, namely:- (i) to make regulations to give effect to the provisions of this Act; (ii) to make regulations for development, operation, regulation and management of the Special Investment Regions within the State and for development of infrastructure within the Special Investment Region; (iii) to approve, with or without modification, the plan for use of land in the Special Investment Region or its peripheral area on receipt of the proposal from Regional development authority; (iv) to approve, with or without modification, the development plan, the town planning scheme and the general development regulations prepared and proposed by the Regional development authority; (v) subject to delegation to Regional Development Authority or any Government agency, to grant permission and approval for any economic activity, amenity or infrastructure project to be established in the Special Investment Region, including integrated development in a large area in the Special Investment Region; (vi) to approve with or without modification, the agreements to be entered into by the Regional development authority or by a Government Agency, or the developer of infrastructure projects; (vii) to ascertain and fix the rates and approve, with or without modification, the user charges proposed by the Regional development authority, a Government agency or a developer of infrastructure project; (viii) to propose, with recommendations, to the State Government for making such provisions with respect to proper development, operation, regulation and management of the Special Investment Region; (ix) to monitor the development of the Special Investment Region and issue necessary instructions to the agencies involved; and (x) to exercise such other powers and perform such other functions that may be required for development, operation, regulation and management of the Special Investment Region and as entrusted to it by the State Government.

(1) The Apex Authority may appoint an Executive Committee and such other committees and sub-committees consisting of such number of members for efficient performance and exercise of its powers conferred under this Act, as may be specified by regulations. (2) The Apex Authority may, instead of appointing an Executive Committee under sub-section (1), designate the executive of the Karnataka Industrial Area Development Board to be the Executive Committee of the Apex Authority for the purposes of this Act: Provided that, the core functions of the Apex Authority such as approval and modification of development plan, town planning scheme and the general development regulations shall not be delegated to any committee of the Apex Authority.