Goa Investment Promotion Act, 2014

{
    "id": 16222,
    "slug": "goa-investment-promotion-act-2014-2014",
    "title": "Goa Investment Promotion Act, 2014",
    "short_title": "Goa Investment Promotion Act, 2014",
    "act_number": "(Goa Act 13 of 2014)",
    "act_year": 2014,
    "act_type": "STATE",
    "location": "Goa",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Goa Investment Promotion Act, 2014",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title, extent and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"agriculture\" means and includes horticulture, animal husbandry, forestry, dairy and poultry farming, pisciculture, and other allied activities, whether or not undertaken jointly with agriculture and the expression \"agricultural operations\" shall be construed accordingly.\n(b) \"agriculture industry\" includes the industrialized processing or production of livestock, poultry, fish, dairy and crops and includes techno scientific, economic, and regional methods for industrialized agriculture;\n(c) \"Board\" means the Goa Investment Promotion and Facilitation Board constituted under section 3;\n(d) \"Clearance\" means and includes grant or issue of no objection certificate, consent, enrolment, registration, permission, approval, licence, allotment, and the like by any competent authority/Government agency in connection with setting up of a business undertaking/project in the State of Goa;\n(e) \"Competent Authority\" means and includes any Department or Government Agency, Panchayat, Municipal Corporation or Municipal Council or other local body/authority, which is entrusted with the powers and responsibilities to grant or issue any clearance;\n(f) \"Industrial facilitation services\" means the assistance provided by the Government to the investor from the time he submits a valid project proposal to the Board till the project goes into commercial production;\n(g) \"Business Undertaking\" means and includes an undertaking engaged in manufacturing and/or processing or for both or for providing service or for doing any other business or any other commercial activity to be notified by the Government;\n(h) \"Goa Investment Policy\" means the Goa Investment Policy framed by the Government and as amended from time to time;\n(i) \"Government\" means the Government of Goa;\n(j) \"Government Agency\" includes any Department of the Government, EDC Limited, Goa Industrial Development Corporation, Goa State Infrastructure Development Corporation, Goa Tourism Development Corporation, all other Government Corporations, Statutory Authorities, or bodies or any other body, by whatever name called, owned or controlled by the Government;\n(k) \"Investment\" means any or all the preliminary and pre-operative expenses until commencement of commercial production, capital expenditure, expenses on land, equipments, interest paid, if any, and administrative expenses, etc., relating to the project or expenses for the expansion of an existing project;\n(l) \"Investor\" means any person including a company registered under the Companies Act, 1956 (1 of 1956) or the Companies Act, 2013 (Central Act 18 of 2013), Trusts registered under the Indian Trusts Act, 1882 (2 of 1882), Society registered under the Societies Registration Act, 1860 (21 of 1860), partnership firms registered under the Indian Partnership Act, 1932 (9 of 1932), Limited Liability Partnership registered under the Limited Liability Partnership Act, 2008 (Central Act 6 of 2009) and shall include any other body corporate including those from outside India qualified to invest in India under relevant laws for the time being in force or under the relevant policies of the Government of India or the Government as may be applicable at the time of such investment;\n(m) \"Investment promotion area\" means an area notified by the Government under sub-section (2) of section 7 for the purpose of investment promotion under this Act;\n(n) \"in principle approval\" means a general approval to an investment proposal for facilitation purposes only and is subject to obtaining of specific clearance from the Competent Authority/Government agency or the Board, as the case may be;\n(o) \"local authority\" means a Municipal Corporation, a Municipal Council and a Panchayat by whatever name called, constituted under the relevant law for the time being in force in the State of Goa;\n(p) \"Member\" means a member of the Board and includes the Chairperson of the Board;\n(q) \"Prescribed\" means prescribed by rules made under this Act;\n(r) \"Project\" means a project to be undertaken by the investor, Government or Government agency, where under investment is proposed to be made in the State of Goa, but does not include housing or housing projects;\n(s) \"Secretary\" means a Secretary to the Government by whatever name called;\n(t) \"State\" means the State of Goa;\n(u) \"Time limit\" means a period within which an application is to be processed and disposed of mandatorily.",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Constitution and purpose of the Board.",
            "chapter": null,
            "content": "(a)\nChief Minister of Goa ...\nChairperson, ex-officio\n(b)\nMinister for Information and Technology...\nVice- Chairperson, ex-officio\n(c)\nMinister for Tourism ...\nVice-Chairperson, ex-officio\n(d)\nMinister for Industries ...\nVice-Chairperson, ex-officio\n(e)\nTwo Government officials not below the rank of ...\nMembers Additional Secretary to the Government\n(f)\nSix persons from the Members industry, trade and commerce, to\n\t\t\t\tbe appointed by the Government from time to time\n(g)\nChief Executive Officer of the Board ...\nMember Secretary.\n(a) Investment above Rs. 5 crore's;\n(b) Requirement of an area equal to or above 3000 square meters;\n(c) Industry classified under the Orange Category as per the Goa State Pollution Control Board guidelines; or\n(d) Expansion of any Red Category Industry as classified under the Goa State Pollution Control Board guidelines referred to the Board by the Government.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Meeting of the Board.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Powers, duties and functions of the Board.",
            "chapter": null,
            "content": "(a) provide and/or facilitate obtaining approvals from the Government and its statutory and other bodies;\n(b) provide assistance in obtaining clearances from the Central Government or its statutory and other bodies.\n(a) Approval, rejection or review of all investment proposals meeting the criteria specified in sub- section (3) of section 3;\n(b) Appoint sub-committee for evaluation and clearance of investment proposals which fall under sub- section (4) of section 3;\n(c) Appoint an Investment Officer for all projects approved by the Board;\n(d) Draft approval process, guidelines and standard operating procedure for new investments. Reviewing and modifying these processes on an ongoing basis;\n(e) Appoint and manage the consultants;\n(f) Facilitate obtaining of approvals to the investors to set up their units in the State;\n(g) Identify and recommend areas to be notified under this Act;\n(h) Promote the State as an investment destination nationally and internationally;\n(i) Identify infrastructure gaps hindering investment growth in the State on an ongoing basis and suggesting short, medium and long-term rolling plans to the Government to bridge the gaps;\n(j) Seek membership of national and international investment promotion agencies to enable the Board to promote the State as an investment destination amongst the national and international trade community;\n(k) Take all necessary measures to boost and promote agricultural industries, cottage industries, dairy farming and eco-tourism; and\n(l) Provide dispute and grievance redressal mechanism for investors.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Functions and responsibilities of Investment Officer.",
            "chapter": null,
            "content": "(i) assist the investor in obtaining clearances in a timely manner;\n(ii) facilitate all statutory clearances, including consent to operate;\n(iii) be responsible and accountable to the Board for realization of the approved investment within the time bound manner.\n(iv) perform such other functions and duties as may be assigned to him by the Board from time to time.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Investment Promotion Area.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Restrictions.",
            "chapter": null,
            "content": "(i) Khazan land and low lying paddy fields except for the purpose of activities as permissible thereon, such as, agriculture, dairy farming and other allied activities;\n(ii) Sloppy land with a gradient of more than 25%;\n(iii) Forest lands and wild life areas except for the purpose of activities as permissible thereon, such as gaming reserve, sanctuary lodges, eco-tourism, forest tourism, etc.;\n(iv) Coastal Regulatory Zone areas except where the foreshore facilities are required;\n(v) Tenanted agricultural land except for agricultural activities carried out by tenant/deemed purchaser.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Removal of member of the Board.",
            "chapter": null,
            "content": "(a) is or at any time has been, adjudicated as insolvent; or\n(b) is of unsound mind and stands so declared by a competent court; or\n(c) has been charged of an offence which, in the opinion of the Government, involves a moral turpitude; or\n(d) has, in the opinion of the Government, so abused his position as to render his continuation in office detrimental to the public interest:\n(e) in the opinion of the Government and for reasons to be recorded in writing, ought not to continue as a Member of the Board.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Power of the Government to dissolve the Board.",
            "chapter": null,
            "content": "(a) all members shall vacate their offices;\n(b) all money and other property of whatever kind (including fund of the Board) owned by or vested in, the Board, shall, immediately on such dissolution, transfer to and vest in the Government.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Chief Executive Officer, Officers and other employees of the Board.",
            "chapter": null,
            "content": "(a) a post-graduate degree in business administration or economics or law or political science or in other relevant areas;\n(b) not less than ten years experience in a senior executive position in business or manufacturing or private banking or marketing or sales;\n(c) excellent knowledge of the private sector undertakings in the State;\n(d) excellent public relations; and\n(e) strong business orientation and prove in experience in managing and motivating multidisciplinary teams of professionals.\n(a) implementation of the policies and programmes of the Government relating to investment in State including the Goa Investment Policy;\n(b) supervision and direction of staff of the Board;\n(c) undertaking research to determine the industry competitiveness of State and propose strategies to enhance State as an investment destination;\n(d) proposing for the Board's approval, operating and marketing plans for investment promotion and facilitation;\n(e) performing the duties of the Secretary to the Board, including preparation of decisions of the Board;\n(f) performing such other functions and duties as may be determined by the Board; and\n(g) performing all other incidental and ancillary functions as directed by the Government and/or the Board or the Chairperson of the Board.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Grants by Government.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "13",
            "title": "13. Fund of the Board.",
            "chapter": null,
            "content": "(a) any grant or aid received by the Board from the Government;\n(b) all sums by way of contributions, fees, grants, gifts, donations, benefactions and any other sums received by the Board.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "14",
            "title": "14. Budget.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "15",
            "title": "15. Annual Report.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        },
        {
            "number": "16",
            "title": "16. Accounts and audit.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "17",
            "title": "17. Application for clearance.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "18",
            "title": "18. Powers to seek additional information.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 17
        },
        {
            "number": "19",
            "title": "19. Combined Application Form (CAF).",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 18
        },
        {
            "number": "20",
            "title": "20. Time limit for processing of applications.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "21",
            "title": "21. Expert or Consultant.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "22",
            "title": "22. Implementation of the Goa Investment Policy.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "23",
            "title": "23. Powers to give directions.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "24",
            "title": "24. Power to make rules.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        },
        {
            "number": "25",
            "title": "25. Power to make regulations.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 24
        },
        {
            "number": "26",
            "title": "26. Protection of action taken in good faith.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 25
        },
        {
            "number": "27",
            "title": "27. Members, officers and employees of the Board, constituted under this Act to be public servants.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 26
        },
        {
            "number": "28",
            "title": "28. Bar of jurisdiction.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 27
        },
        {
            "number": "29",
            "title": "29. Power to delegate.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 28
        },
        {
            "number": "30",
            "title": "30. Local authorities to assist.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 29
        },
        {
            "number": "31",
            "title": "31. Overriding effect.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "32",
            "title": "32. Power to remove difficulties.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 31
        }
    ],
    "metadata": {
        "Act ID": "Last Updated 11th June, 2020 [goa316]",
        "Act Number": "(Goa Act 13 of 2014)",
        "Enactment Date": "",
        "Act Year": "2014",
        "Short Title": "Goa Investment Promotion Act, 2014",
        "Type": "STATE",
        "Location": "Goa"
    },
    "updated_at": "2026-09-29 21:55:19"
}