Amendment status not verified — confirm the current text below against the official source.
(1) On receipt of an application under sub-section (2) of section 8, the competent authority shall have power to obtain further additional information from the applicant as required by him, through Investor Facilitation Agency with advance copy of the same to the applicant. (2)The applicant shall furnish the required information as expeditiously as possible to the competent authority and also to the Investor Facilitation Agency simultaneously. (3)The competent authority shall send its orders sanctioning or rejecting the application, as the case may be, to the Investor Facilitation Agency.