(i) Upon receipt of an application in the prescribed form alongwith all the mandatory documents as specified under Schedule IV, the Corporation shall communicate the deficiency if any within a period of 21 working days or if the application is complete in all respects take a decision in respect of the permission referred to under clause 4 above and communicate by certificate of posting or registered A/D within a period of 45 working days failing which the permission shall be deemed to be granted.
However, party shall be bound to pay all necessary fees and charges to the Corporation as per the prevailing rates and these regulations. The date of the dispatch of the letter shall be the date of the communication.
The application would be treated as complete in all respects only after all the documents listed under Schedule IV are submitted by the applicant.
The deeming provision shall not apply to the transfers prohibited under clause 6 (i).
(ii) All the applications received shall be verified by a Scrutiny Committee constituted for that purpose by the Managing Director to ensure that the applications are complete in all respect and each application shall be processed and placed before the Screening Committee alongwith a duly filled up check list. The following Screening Committee shall be - 3 - constituted for screening the applications and the quorum shall be of four members present with atleast one of the members present being among the two specified under (e) and (f):—
(a) Any one Director nominated by the Board.
(b) Chief General Manager of the Corporation.
(c) Chief Accounts Officer of the Corporation.
(d) General Manager (Engineering) of the Corporation.
(e) Nominee of Goa State Industries Association.
(f) Nominee of Goa Chambers of Commerce and Industry.
The meetings of the Screening Committee shall be chaired by the Director nominated by the Board and the Chief General Manager of the Corporation shall be the member convener.
(iii) The Screening Committee shall scrutinize the applications and the project report furnished by the applicants on the basis of these regulations and submit its recommendations to the Managing Director of the Corporation who shall decide upon the said applications.