Meghalaya State Investment Promotion & Facilitation Act, 2024
Meghalaya State Investment Promotion & Facilitation Act, 2024
General202439 sections4 chapters
This Act sets up Invest Meghalaya Authority as the nodal agency to promote and facilitate investment in the State. It establishes a governing body, a high-powered committee and State-level committees to speed up approvals and clearances for investors, and sets out their constitution, powers and functions.
Chapter I PRELIMINARY →
Chapter II Chapter II →
- 3Constitution of Invest Meghalaya Authority
- 4Agency as stated under this Act.
- 5The Nodal Agency shall perform any other functions entrusted by the Government or Governing Council for carrying out the provisions of this Act.
- 6Vacancies etc., of the Nodal Agency not to invalidate proceedings
- 7Officers and other staff of Invest Meghalaya Authority
- 8Constitution, powers, and Functions of Governing Council
- 9Constitution, powers, and functions of High-Powered Committee
- 10Constitution, powers, and functions of State Investment Committee
- 11Constitution, powers, and functions of District Investment Committee
- 12Unified Investment Portal
- 13Combined Application Forms
- 14Procedure for online application for obtaining clearance in Unified Investment Portal
Chapter III FINANCIAL MATTERS →
Chapter IV MISCELLANEOUS →
- 20Filling of Application Forms
- 21The applications shall be forwarded by the Nodal Agency to the competent authority for processing and disposal.
- 22Self-Certification
- 23The self-certification furnished by the entrepreneur shall be accepted by the concerned Departments and authorities for the purpose of issue and granting clearance.
- 24However, inspection against specific complaints may be conducted with the authorization of the Head of the Departments.
- 25The Third-Party Inspection Report shall be furnished in such from as may be prescribed.
- 26The Government may, by notification, change the prescribed limit from time to time.
- 27Information of Deemed Approval
- 28The appropriate competent committee shall inform to the applicant the date on which the application was received by the Competent authority and the date on which it was deemed to have been approved.
- 29Appeal of State or District level cases
- 30Pecuniary Jurisdiction of the Governing Council, High-Powered Committee, State Investment Committee, and District Investment Committee
- 31The Government may, by notification, change the investment limit from time to time.
- 32The Government may, by notification, with approval of Governing Council, exempt any clearances from any of the provisions of the Act.
- 33The competent authority shall be competent for enforcement of the above sub-section (1) as per law according to the prescribed rule under the applicable Act.
- 34Act to override other Laws
- 35Powers to remove difficulties
- 36Provided, that, no such order shall be made after the expiry of a period of two years from the date of commencement of this Act.
- 37The Government may, from time to time, issue general or special directions as they may deem necessary or expedient
- 38This Act shall not apply to any clearances required under Central enactments.
- 39Protection of action taken in good faith
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