Definitions

In this Act, unless the context otherwise requires.—

1. (a) "Apex Level Committee" means, an Apex Level Investment Promotion Empowered Committee constituted by the State Government under Section 3;
2. (b) "Clearances" means grant or issue of no-objection certificate, letter of intent, allotments, consents, approvals, permissions, registrations, enrolments, licenses and the like by any competent authority or department, in connection with the setting up of an industrial or commercial or service sector undertaking in the State of Madhya Pradesh and shall include all such clearances required till the commencement of commercial operations;
3. (c) "Competent authority" means any concerned department or authorised agency or the State Government, any statutory board, Corporation, local authority, Gram Panchayat, Municipality, Municipal Corporation or other local body which are entrusted with the powers and responsibilities to grant or issue clearances;
4. (d) "Customized package" means package of assistance or facilities sanctioned by the Apex Level Committee for the project of an investor in addition to the existing assistance or facilities available in Madhya Pradesh under various schemes;
5. (e) "Department" means any department of the Government of Madhya Pradesh;
6. (f) "District Level Committee" mean the District Level Investment Promotion Empowered Committee constituted by the State Government under Section 9;
7. (g) "District Trade and Industries Centre" means the district office of the Department of Commerce, Industry and Employment of the Government of Madhya Pradesh;
8. (h) "Entrepreneur" means a person or body of persons or a company, firm, mainly investing or containing investment in an industrial undertaking;
   • (i) "Industrial policy" means the industrial policy or policies declared by the Government of Madhya Pradesh or by the Government of India, as the case may be, for promotion of industrial, commercial and other related activities;
9. (j) "Industrial undertaking" means an undertaking engaged in manufacturing or processing or both or providing service or doing any other business or commercial activities as may be specified by the State Government or the Central Government;
10. (k) "Industrial unit" means an undertaking which is engaged in manufacturing or processing or such activities which may be registered under relevant Acts and rules of the Department of Commerce, Industry and Employment of the Government of Madhya Pradesh or Government of India;
11. (l) "Investment" means fixed capital investment by an investor in industry or service or infrastructure or commercial project;
12. (m) "Investor" means a person, firm, company or institution who proposes to invest in the State of Madhya Pradesh;
13. (n) "Madhya Pradesh Trade and Investment Facilitation Corporation Limited (TRIFAC)" means the agency established for effective implementation of Single Window (Clearance) System, having headquarter at Bhopal;
14. (o) "Nodal Agency" means the agency notified at the State level or at the District Level under Section 12;
15. (p) "Project" means an undertaking with proposed investment for manufacturing or processing or both or providing service or doing any other business or commercial activity in the State as may be specified by the State Government or an existing unit undertaking its expansion or diversification or modernization;
16. (q) "Single Window (Clearance) System" means a mechanism or system established by the State Government, under which applications are received, examined, processed and approvals are issued in a unified manner from and through the agency of a single designated agency to facilitate speedy clearances for investment projects.