(1) Notwithstanding anything contained in any law for the time being in force every person intending 4[for setting up or running or expansion or diversification or modernisation of] any 5[enterprise having total investment above fifteen crore rupees] in the State, shall submit the application for clearances or licences or certificates 6[or renewals thereof] required under various State enactments to the Convenor of the State Board in the prescribed form along with the required fee under the respective enactment. The application shall contain such details as may be prescribed.
1 Inserted by Act 14 of 2018 ( w.e.f. 20-10-2017).
2 Substituted by Act 14 of 2018 ( w.e.f. 20-10-2017).
3 Substituted by Act 25 of 2024 ( w.e.f.02-11-2024).
4 Substituted by Act 25 of 2024 ( w.e.f.02-11-2024).
5 Substituted by Act 14 of 2018 ( w.e.f. 20-10-2017).
6 Inserted by Act 14 of 2018 ( w.e.f. 20-10-2017).
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(2) The State Board shall after complying the procedure prescribed in this behalf and within 1[thirty days] from the date of receipt of the application take a decision 2[xxxx],—
(a) 3[to issue licence, clearance or renewal] or permission applied for without any modification or with such modification as it thinks fit to make; or
(b) to refuse clearance if it is of the opinion that the proposed construction, establishment or installation is objectionable.
(3) The decision taken by the State Board shall be communicated to the applicant and the authority concerned by the Convenor of the State Board 4[and the same shall be binding on the authorities concerned and if no clearance, licence, certificate or renewals thereof, as the case may be, is issued within thirty days from the date of submission of application to the Board, the clearance, licence, certificate or renewals thereof applied for shall be deemed to have been issued after the expiry of said period of thirty days].
5[(4) The State Board is also empowered to recommend to the Government on policy matters concerning various issues and problems faced by any entrepreneur in establishing any enterprise or for the development, diversification of modernisation or implementation or operation or running of such enterprises in the State and suggest remedial measures to address such issues and problems in good industrial practice to promote investment opportunity in the State.]