Amendment status not verified — confirm the current text below against the official source.
The Madhya Pradesh Industrial Development Corporation Limited shall be the nodal agency for the purposes of this Act, unless the Government by notification, authorizes any other agency of the State, as the nodal agency for such notified areas as it may considers appropriate. (1) The nodal agency shall assist and facilitate establishment of industrial units in the notified areas. (2) The nodal agency shall maintain the record of intention to invest received and acknowledgement certificate issued under this Act; (3) The Government may assign such other powers and functions to the nodal agency as it may deem appropriate for giving effect to the provisions of this Act. (1) Any person \vho intends to start an industrial unit in a notified area may furnish to the nodal agency an intention to invest in such form and in such manner, as may be prescribed. Explanation.- Any person who has applied to the Competent Authority for obtaining all or any of the approvals may also opt to furnish intention to in- vest under this sub-section. (2) On receipt of intention to invest, completed in all respects, the nodal agency may issue an acknowledgment certificate in such fonn and manner as may be prescribed. (1) Subject to the provisions of this act an acknowledgment Certificate shall have the effect of an approval, for a period of three years from the date of its 1Ssuance: Provided that the acknowledgement certificate shall not entitle any person to use any parcel of land contrary to the provisions of the layout ap- proved by a Competent Authority or the development plan notified under the Madhya Pradesh Nagar Tatha Gram NiveshAdhiniyam, 1973 (No. 23 of 1973), where such plan is in force. Explanation.-Any person who furnishes intention to invest may specify the approvals in respect of which acknowledgement certificate is being applied for. (2) Industrial units commencing commercial operations prior to the expiry of tl1e period of three years from the date of issue of acknowledgment certifi- cate, shall be required to obtain all the necessary approvals before the com- mencement of commercial operations; (3) During the period of three years specified in sub-section (I), no Competent Authority shall undertake any inspection for the purpose of, or in connection with, any approval :