Amendment status not verified — confirm the current text below against the official source.
Saving of operation of other laws Nothing in this act shall affect - (i) any right, privilege, obligation or liability acquired, accrued or incurred under any other law; (ii) any penalty, forfeiture, or punishment incurred under any other law; (iii) any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability; and any such investigation, legal proceeding or remedy may be instituted, continued or enforced and any such penalty, forfeiture or punishment may be imposed, as if this Act had not been passed. STATEMENT OF OBJECT AND REASONS With a view to provide stable policy for investment in the Indore Special Economic Zone, it has been decided to enact a suitable legislation. The proposed legislation will attract investors by facilitating the development of world class infrastructure for making the products competitive in the international market and will also facilitate investments and creation of opportunities for employment for the people of the State. Hence this Act. Member-in-charge Bhopal, Dated: 28.3.2003