Amendment status not verified — confirm the current text below against the official source.
Definitions.— In this Act, unless the context otherwise requires,— (a) “agriculture” means horticulture, animal husbandry, forestry, dairy and poultry farming, aquaculture and other allied activities, whether or not undertaken jointly with agriculture and the expression “agricultural operations” shall be construed accordingly; (b) “agriculture industry” means the industrialized processing or production of livestock, poultry, fish, dairy and crops; - 2 - (c) “Board” means the Goa Investment Promotion and Facilitation Board established under section 3; (d) “Clearance” means grant or issue of no objection certificate, consent, enrolment, registration, permission, approval, licence, allotment, memorandum and the like, by any Competent Authority or Authorities in connection with setting up of a project till the enterprise starts commercial operation and includes such grant and issue for expansion of the existing project in the State; (e) “Commercial Project” means a project of an investor to provide and/or make available built- up space or building to any person or enterprise for setting up its business or commercial activities other than housing; (f) “Competent Authority” means any Government Department, Local Authority, Statutory Body, Government agency or any other authority constituted or established under any State law or under the administrative control of the Government, which is entrusted with the powers and responsibilities to grant or issue clearance for setting up or commencement of operation of the enterprise in the State; (g) “Customised package” means such package of assistance or facilities as specified for a project with investment above such value as specified by the Government by notification in the Official Gazette, in addition to the existing assistance or facilities available in the State under various schemes; (h) “enterprise” means and includes an undertaking engaged in manufacturing and/or processing or for providing service or doing any other business or any other commercial activity or a private industrial estate; (i) “Goa Investment Policy” means the official policy of the Government formulated to articulate the various initiatives being undertaken to make the State a preferred and aspirational investment destination; (j) “Government” means the Government of Goa; (k) “Government Agency” means any Statutory Corporation/Authority or body or an Undertaking, by whatever name called, owned and controlled by the Government; (l) “in principle approval” means a general approval to an investment proposal by the Board for facilitation purposes only which shall be subject to clearances from the concerned Competent Authorities under the relevant State laws; (m) “investment” means a fixed capital investment by an investor in industry or service or infrastructure or commercial project excluding the cost of land; (n) “investment facilitation services” means the assistance provided by the Investment Promotion and Facilitation Board from the time the investor submits a valid project proposal to the Board till the time such project goes into commercial operation and during the life span of the project if required; (o) “investment promotion area” means an investment promotion area declared by the Government under clause (a) of subsection (1) of section 42; (p) “Investor” means any person or his authorized nominee, including a company incorporated under the Companies Act, 2013 (Central Act 18 of 2013) or any such law, a Trust registered under the Indian Trusts Act, 1882 (Central Act 2 of 1882), a Society - 3 - registered under the Societies Registration Act, 1860 (Central Act 21 of 1860), a Partnership Firm registered under Indian Partnership Act, 1932 (Central Act 9 of 1932), a Limited Liability Partnership registered under the Limited Liability Partnership Act, 2008 (Central Act 6 of 2009), a proprietary concern; and includes 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 polices of the Government of India or the Government as may be applicable at the time of such investment, who invest capital in any new or an existing enterprise for expanding, modernizing or diversifying it; (q) “local authority” means a Municipal Corporation, a Municipal Council or a Village Panchayat by whatever name called, constituted under the relevant State law for the time being in force; (r) “notification” means a notification published in the Official Gazette of the Government and the word ‘notified’ shall be construed accordingly; (s) “prescribed” means prescribed by rules made under this Act; (t) “Private Industrial Estate” means a project of an investor to provide and/or make available the developed industrial plots, galas or plug and play facility to any person or enterprise for setting up manufacturing, processing or service units; (u) “Project” means a project to be undertaken by the investor in which he proposes to make investment in the State by setting up an enterprise including an industrial dormitory for workers working on shifts of the enterprise, a commercial project, an educational institution having hostel or residential quarters within the campus area, but does not include a housing project; (v) “State” means the State of Goa; (w) “single window (clearance) system” means a mechanism or system established by the Government under which applications are received, examined, processed and approvals are issued in a unified manner from and through the aegis of the Board to facilitate speedy clearances for investment proposals. CHAPTER II Establishment and Constitution of the Board