Chhattisgarh ACT
(No. 7 of 2002)

Chhattisgarh AUDYOGIK NIVESH PROTSAHAN Adhiniyam, 2002

An Act to promote industrial investments in the State of Chhattisgarh, by vesting certain rights specified herein, in a person or persons including bodies, corporate, intending to make investments in various economic sectors for furthering industrial and economic growth; and to empower an agency or agencies designated by the State for facilitating such investments by making processes and procedures transparent and mutually beneficial, in the best interests of the investors and the State of Chhattisgarh and further, to cast certain obligations and responsibilities on such agencies to perform functions entrusted to them within specified period.
Be it enacted in the 53rd year of the Republic of India, as follows :

Chapter-I

Preliminary

(1) This Act may be called the Chhattisgarh Audyogik Nivesh Protsahan Adhiniyam,2002 (No.7 of 2002)
(2) It extends to the whole of the State of Chhattisgarh;
(3) It shall come in-to force from a date as may be notified in the State Government Gazette.
 

In this Act, unless the context otherwise requires:-
(i) “Board” means the State Investment Promotion Board, under Section-9;
(ii) “District Committee” means the District Investment Promotion Committee under Section3;
(iii) “Divisional Committee” means the Divisional Investment Promotion committee under Section6;
(iv) “Industrial Facilitation Services” means the assistance provided by the State Government from the time the investor submits a valid project proposal to the State Investment promotion Board till the time the project goes into commercial production;
(v) “Government” means the State Government of Chhattisgarh.
(vi) “Government Agency” means any department of the Government or any body corporate, by whatever name called, owned or controlled by the Government;
(vii) “Investment” means any or all of the preliminary and pre-operative expenses, capital expenditure, lease on land and equipment, interest during construction, and administrative expenses etc, relating to the project;
(viii) “Investor” means any person or persons, or his authorized nominees, including Companies incorporated under the Indian Companies Act, 1956, Public Trusts registered under the Public Trusts Act, Private Trusts registered under the Indian Trusts Act 1882 (No. 2 of 1882), registered Societies; and shall include any other bodies 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 State Government as may be applicable at the time of such investment;
(ix) “Local Coordination Committee” means a committee constituted under Section -14;
(x) “Local Government” means and includes, Municipal bodies, by whatever name called, constituted under Article 243 Q of the Constitution of India, and Panchayats constituted under Article 243 B therein;
(xi) “Project” means a project to be undertaken by the investor, in which he proposes to make investment in the State ;
(xii) “Project Affected Persons”, means and includes all persons affected due to displacement or acquisition of land owned by them by the establishment of a project
(xiii) “Secretary”, means a Secretary of the State Government, by whatever name called.