Constitution, powers, and functions of High-Powered Committee

1. (1) The Government may, by notification, constituted a High-Powered Committee which shall consist of the following members:

Sl. No. Members Designation

1. (a) Chief Minister Chairman
2. (b) Commerce & Industry Minister Vice-Chairman
3. (c) Minister of the concerned department for which Investment proposal will be discussed Member
4. (d) Chief Secretary Member
5. (e) Senior most officer or authorized representative not below the rank of Secretary of Planning Investment Promotion & Sustainable Development Department Member
6. (f) Senior most officer or authorized representative not below the rank of Secretary of Commerce & Industry Department Member
7. (g) Senior most officer or authorized representative not below the rank of Secretary of Finance Department Member
8. (h) Senior most officer or authorized representative not below the rank of Secretary of Forest & Environment Department Member
   • (i) Senior most officer or authorized representative not below the rank of Secretary of concerned department for which Investment proposal will be discussed Member
9. (j) Chief Executive Officer, Invest Meghalaya Authority Member-secretary
10. (k) Such number of member or members as may be notified by the Government from time to time Member

1. (2) The High-Powered Committee for Investments shall be the Competent Authority at the state level and exercise the following powers and perform the following functions, namely: -
   • (a) The High-Powered Committee for Investments shall regularly monitor, supervise, and review the functioning of the State Investment Committee, Invest Meghalaya Authority and District Committee for Investments for industries facilitation and UIP clearances;
   • (b) It shall carry out such other functions as may be assigned to it by the Governing Council or the Government;
   • (c) The Committee may assign or revoke the functions or powers to the State Investment Committee, Invest Meghalaya Authority and District Investment Committee within the powers or functions assigned under this Act or by the Governing Council for effective implementation of this Act;
   • (d) The High-Powered Committee for Investments shall meet at least once in a quarter or as needed, at such place, as the Chairman of the Committee may decide, for performance review of the State Investment Committee, District Investment Committee, and Invest Meghalaya Authority and for providing necessary recommendations and clearances where required;
   • (e) To invite competent authorities or expert or officials from other departments, who are not members of the Committee, as special invitees for any meeting as desired by the Chairman of the Committee;
   • (f) Such other powers and functions as may be prescribed by the Government or Governing Council from time to time;
   • (g) The High-Powered Committee for Investments shall give in principle approval referred to it for investments more than ten crore rupees;
   • (h) The High-Powered committee shall grant approval of customized financial incentive packages for new projects under Industrial Policy or sector specific policies.