Grounds of rejection of proposal.

The Authority may reject the proposal if,-

1. (i) such proposal does not fulfil the eligibility criteria provided under section 13; or
2. (ii) such Person fails to furnish the appropriate information or documents or the clarifications sought by the Authority, within the time communicated to it; or
3. (iii) the information or documents submitted by such Person are not in accordance with the prescribed Forms; or
4. (iv) the contents or information or documents submitted are incomplete or deficient or found to be false; or
5. (v) the Person has failed to make payment of the fees in the manner as may be prescribed; or
6. (vi) any other grounds as may be prescribed.