Amendment status not verified — confirm the current text below against the official source.
Entitlement of Concessions and Tax rebates or deferment.- (1) No private industry, establishment or institution shall be eligible for concession of land or any other concession of tax rebate or deferment of tax or any kind of grant-in aid unless such industry, establishment or institution provides not less than such percentage of reservation to Kannadigas as per the industrial policy notified by the State. (2) If any industry which has undertaken to comply with the industrial policies of the State prescribed for reservation in employment for Kannadigas, fails to fulfill the obligation, shall be liable for disentitlement of continuation of benefits namely concessions and tax rebates or deferment or any kind of grant-in aid in future and shall also be liable for recovery of the same. Such disentitlement shall be invoked only after giving an opportunity of hearing to the said industry. (3) The Finance Department and Commerce and Industries Department of the Government shall ensure the compliance of the provision of sub-section (1) and (2). Annual Report in this regard shall be laid before both Houses of State Legislature and upload in the Departmental website. (4) The Commerce and Industries Department shall send report to the State Government and upload in the Departmental Website, the details of establishments who have availed incentives or concessions from the State and also the details of employment provided to the Kannadigas as per the industrial policy. (5) All the industries governed by the Apprentice Act, 1961(Central Act 52 of 1961) shall give preference to Kannadigas in providing apprentice training. (6) In all industries having more than one hundred employees which have received concession or incentives as per the industrial policy, the Enforcement Officer designated under sub-clause (iii) of clause (b) of section 9 shall also function as the Nodal Officer, who shall be submit a quarterly report to the District Level Committee regarding measures taken for implementation or compliance as required under the Act.