(1) The Board shall be a single window to provide and/or facilitate approvals for the investment proposals from the Government of Goa, Competent Authority and Government agencies. The Board shall also facilitate in obtaining clearances from the Central Government and/or its agencies;
(2) After receipt of an application, fulfilling all the criteria specified in the Act, and these rules, the Chief Executive Officer shall prepare a detailed report including the aspect as regards the Competent Authorities responsible to grant or issue the required clearance and place the same before the Board for its consideration. The Board may thereafter call the investor for detailed presentation in respect of his proposal.
(3) After the presentation, the Board may decide upon to grant in-principle approval or reject the proposal or may defer the proposal seeking additional details. The Board may seek the views of an expert or consultant wherever necessary before it decides to grant inprinciple approval.
(4) The Board shall thereafter send applications to the Competent Authority for processing and disposal. The Competent Authority shall dispose such applications within twenty days of its receipt where additional information is sought, applications shall be disposed within -4- fifteen days of receipt of information sought.
(5) The Board shall within seven days from the date of the receipt of the order of the Competent Authority either sanctioning or rejecting the clearance, as the case may be, forward the same to the applicant.
(6) The Chief Executive Officer shall report failure of the Competent Authority to grant clearance to the concerned Secretary to the Government.
(7) Upon receipt of the report under sub-rule (6), the Secretary shall act as per sub-section
(4) of section 23 of the Act.