Bare ActsThe KARNATAKA INDUSTRIES (FACILITATION) ACT, 2002

Section 7

Penalty for entrepreneurs who fail to comply with the conditions of undertaking in the self certification

Amendment status not verified — confirm the current text below against the official source.

Penalty for entrepreneurs who fail to comply with the conditions of undertaking in the self certification. Hence the Bill. (L.A Bill No.5 of 2002) (Entry 24 of List-II and entries 23, 24, 36 and 37 of List-III of Seventh Schedule to the Constitution of India) I Amending Act 03 of 2014.- It is considered necessary to amend the Karnataka Industries (Facilitation) Act, 2002 (Karnataka Act 45 of 2003) to provide for,- (a) Constitution of a State Level Empowered Committee under the Chairmanship of Chief Secretary to Government for giving impetus to the implementation of approved projects; (b) to increase the project cost that can be cleared by the State High Clearance Committee, State High Level Single Window Clearance Committee, District level Single Window Clearance Committee and in view of the escalation of cost of investment of the projects/proposals; (c) review provision against the decision of State High Level Clearance Committee; and (d) certain other consequential amendments are also made Hence, the Bill. [L.A. Bill No.17 of 2013, File No. Samvyashae 05 Shasana 2013] [Entry 24 of List II and entries 23, 24, 36 and 37 of List III of the Seventh Schedule to the Constitution of India.] II Amending Act 43 of 2015.- It is considered necessary to amend the Karnataka Industries (facilitation) Act, 2002 (Karnataka Act 45 of 2003)to empower State Level Single window clearance Committee to consider industrial and other Projects up to Rupees Five Hundred Crorse under the chairmanship of the Minister incharge of major and medium industries and state high level clearance Committee to consider industrial and other project of more than Rupees Five Hundred crores under the chairmanship of the chief Minister. Hence, the Bill. [L.A. Bill No.42 of 2015, File No. Samvyashae 50 Shasana 2015] [entry 24 of List II and entries 36 and 37 of List III of the Seventh Schedule to the Constitution of India.] 3 III Amending Act 29 of 2020.- It is considered necessary to amend the Karnataka Industries (Facilitation) Act, 2002 (Karnataka Act 45 of 2003) to provide for temporary clearance to manufacturing Industry or manufacturing Enterprise, to establish industry on filing combined application form and to get prepared for commercial operation. Further, many states across the country have introduced similar Acts which helped them in providing conducive environment in the respective states. In addition to the business reforms action plan introduced by the department for promotion of industry and industrial trade, Ministry of Commerce and Industry, Government of India, is further enabling the State to reduce the regulatory hindrance. In 2019, Gujarat and Rajasthan State Governments have also introduced similar Ordinance to provide for exemption from certain approvals and inspections for establishment and operations of the micro, small and medium enterprises. Further, to obtain final approval before commencement of commercial operation and for matters connected therewith or incidental thereto. As the matter was urgent and both houses of the Karnataka state legislature were not in a session, the Karnataka Industries (Facilitation) (Amendment) Ordinance, 2020 (Karnataka Ordinance 12 of 2020) was promulgated on 02.07.2020 to achieve the above object. This Bill seeks to replace the said Ordinance. Hence the Bill. [L.A. Bill No. 33 of 2020, File No. Samvyashae 52 Shasana 2020] [Entries 24 of List II and entries 36 and 37 of List III of the Seventh Schedule to the Constitution of India [Published in Karnataka Gazette Extra-ordinary No. 484 in part-IVA dated: 19.10.2020] IV Amendment Act 61 of 2025:- It is considered necessary to amend the following Acts for decriminalising and rationalising offences and to further enhance trust-based governance for ease of living and doing business, namely:-

Section 7 – The KARNATAKA INDUSTRIES (FACILITATION) ACT, 2002 | DailyLaw.ai