Amendment status not verified — confirm the current text below against the official source.
Power of State Government to remove difficulties STATEMENT OF OBJECTS AND REASONS Act 05 of 2023:- It is considered necessary to establish, operate, regulate and manage the large or Mega or Super Mega size investment regions and Industrial Areas or clusters in the State of Karnataka and to retain Karnataka’s position as a global manufacturing hub, specially enabling economic activity, supported by world class infrastructure, premium civic amenities, centers of excellence and proactive policy framework and for setting up an organizational structure with that purpose and for the matters connected therewith or incidental thereto. Hence, the Bill [L.A. Bill No.32 of 2022, File No. SAMVYASHAE 30 SHASANA 2022] [Entry 24 of List II and 36, 37 of list III of the Seventh Schedule to the Constitution of India] [Published in Karnataka Gazette Extra-ordinary No.18 in part-IVA dated:12.01.2023] 3 KARNATAKA ACT NO 05 OF 2023 (First published in the Karnataka Gazette Extra-ordinary on the 12th day of January, 2023) THE KARNATAKA SPECIAL INVESTMENT REGION ACT, 2022 (Received the assent of the Governor on the 11th day of January, 2023) An Act to establish, operate, regulate and manage the large or Mega or Super Mega size Investment Regions and Industrial Areas or clusters in the State of Karnataka and to retain position of Karnataka as a global manufacturing hub, specially enabling economic activity, supported by world class infrastructure, premium civic amenities, centres of excellence and proactive policy framework and for setting up an organizational structure with that purpose and for the matters connected therewith or incidental thereto, for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the seventy third year of the Republic of India, as follows:- CHAPTER - I PRELIMINARY