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Section 15: Annual Report

The Karnataka Innovation Authority Act, 2020.State Rules of Karnataka · 2020

(1)The Authority shall prepare, as soon as may be, after the commencement of each financial year the Annual Report referred to in sub-section (1) of section 22.

(2) The annual report shall give an account of the activities during the previous financial year containing, inter alia,–

(a) A list of the Regulatory Sandboxes established by the Authority and a list of participants in the Regulatory Sandboxes, along with an assessment of the success of the Regulatory Sandbox in allowing innovation.

(b) Recommendations of the Authority to make permanent any exemptions or modifications of any law which have been granted under the scheme of this Act.

(3) The Annual Report shall after adoption at a meeting of the Authority be signed by all the members and authenticated by affixing the common seal of the Authority.

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(4) Requisite number of copies thereof shall be submitted to the State Government and to the Legislature by 30th day of September and shall be published on the website of the Authority.

Where this provision sits

ActThe Karnataka Innovation Authority Act, 2020.
Section15
Marginal noteAnnual Report
JurisdictionState of Karnataka
StatusIn force as published by the source

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