Board of Approval authority over EOU approvals and industrial licences, with discretion to impose conditions. Constitution of a combined Board of Approval for the EOU scheme with specified departmental membership. The Board considers EOU proposals outside the automatic route and may prescribe conditions when granting approvals. Subject to empowerment under Section 14 of the Industries (Development and Regulation) Act, the Board may consider cases requiring an industrial licence, issue approved minutes enabling the Development Commissioner to issue Letters of Intent and convert them into licences upon fulfillment of conditions. Development Commissioners must submit cases with comments; foreign-equity cases outside the automatic route follow the FIPB/SIA process. The Chairman may co-opt additional representatives and the Board retains discretionary power to grant or refuse approvals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board of Approval authority over EOU approvals and industrial licences, with discretion to impose conditions.
Constitution of a combined Board of Approval for the EOU scheme with specified departmental membership. The Board considers EOU proposals outside the automatic route and may prescribe conditions when granting approvals. Subject to empowerment under Section 14 of the Industries (Development and Regulation) Act, the Board may consider cases requiring an industrial licence, issue approved minutes enabling the Development Commissioner to issue Letters of Intent and convert them into licences upon fulfillment of conditions. Development Commissioners must submit cases with comments; foreign-equity cases outside the automatic route follow the FIPB/SIA process. The Chairman may co-opt additional representatives and the Board retains discretionary power to grant or refuse approvals.
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