Functions of the Project Approval Committee

The Project Approval Committee (hereinafter referred to as the Committee) shall perform the following functions, namely: (1) The Committee shall approve, modify or reject any proposal for the establishment of a Special Economic Zone placed before it: Provided that the project approved by the Committee is in consonance with the Development Plan or Master Plan of that area: Provided further that the Developer shall not be required to apply for seeking change of land use, if the Special Economic Zone falls within the planning area and also shall not be required to apply for a licence as required under the Punjab Apartment and Property Regulation Act, 1995, which shall be deemed to have been granted. However, layout zoning plans and building plans shall be got approved from the competent authority. (2) The Member-Secretary of the Committee shall forward the recommendations of the Committee to the Government of India for approval. (3) The Committee shall review the progress of implementation of the project at such intervals, as it may deem necessary.