Amendment status not verified — confirm the current text below against the official source.
Definitions.- In this Act, unless the context otherwise requires,- (a) “Authority” means the Karnataka Innovation Authority constituted under section 3; (b) “Government” means the Government of Karnataka; (c) “Law” means any law in force, enacted by the Karnataka State Legislature and includes rules or regulations made there under; (d) “Participant” means any person who has been granted approval for participation in conduct of Innovation and to offer goods or services to the public within a Regulatory Sandbox established under this Act; (e) “Regulatory Sandbox” means the permission to conduct innovations within the time allotted with such exemptions or modifications from any law, along with conditions as may be prescribed under this Act, under which any participant may conduct innovations and offer goods or services to the public; (f) “Sandbox Operator” means any private agency or instrumentality of the Government, designated by the Authority to oversee and operate, a Regulatory Sandbox under this Act; and (g) “Technical Secretariat” means the Technical Secretariat of the Authority. CHAPTER-II Authority and its Employees