(1) In case any enterprise contravenes any of the conditions of the letter of intent or agreement, under which the concession was granted to it, the amount of the concession so granted, shall be recovered. However, no recovery under this sub-rule shall be made, unless an order in this regard is passed by the Director of Industries.
(2) Before passing an order, referred to in sub-section (1) of this section, the Director of Industries shall give an opportunity of being heard to the defaulting enterprise.
Appeal 16. Any investor aggrieved by the orders of :-
(1) The Competent Authority may appeal to the State Empowered Committee.
(2) The District Empowered Committee may appeal to the State Empowered Committee.
(3) The State Empowered Committee may appeal to the Government.
Within thirty days from the date of the receipt by the investor of the order appealed against.
Penalty 17. (1) Any entrepreneur who fails to comply with the conditions or undertaking in the self certification given to the Nodal Agency or other department or authorities shall on conviction be punishable with fine which may extend to five thousand rupees for the first offence and for the second or subsequent offence with fine which may extend to ten thousand rupees.
(2) For the delay in implementing the provisions of this Act, there would be punishment action against concerned responsible officers.
--------------------------------------------------------------- 1- Ins. by section 7 of Uttarakhand Act no 08 of 2022.
Offences by companies etc.