Board approval for EOU proposals outside automatic route governs discretionary approvals and conditional industrial licence processing. A combined Board of Approval for the EOU scheme, chaired by the Secretary, Department of Commerce and composed of senior departmental representatives, will consider EOU proposals outside the automatic approval route. All cases are submitted by the Development Commissioner with comments; industrial licence applications require Department of Industrial Policy and Promotion concurrence before the Development Commissioner issues and converts a Letter of Intent. Foreign equity cases outside the automatic route are to be processed through the Foreign Investment Promotion Board. The Board may impose conditions, grant or refuse approvals, and the Chairman may co opt additional representatives.
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 approval for EOU proposals outside automatic route governs discretionary approvals and conditional industrial licence processing.
A combined Board of Approval for the EOU scheme, chaired by the Secretary, Department of Commerce and composed of senior departmental representatives, will consider EOU proposals outside the automatic approval route. All cases are submitted by the Development Commissioner with comments; industrial licence applications require Department of Industrial Policy and Promotion concurrence before the Development Commissioner issues and converts a Letter of Intent. Foreign equity cases outside the automatic route are to be processed through the Foreign Investment Promotion Board. The Board may impose conditions, grant or refuse approvals, and the Chairman may co opt additional representatives.
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