Amendment status not verified — confirm the current text below against the official source.
(1) Every entrepreneur shall furnish a Self certification al Ihe time of submitling the duly completed application form to the Nodal Agency, undertaking that he would comply with the provisions af applicable Acts and Rules or Orders - or Instructions. (2) Such underlaking shall be furnished in the prescribed format on a non-judicial stamp paper of the value equivalent to a security bond or as fixed by the Governrnenl from time to time. (3) All Departmenls or Authoriries concerned shall accept the self certification . . for the purpose of issuing the required clearances. (4) Entrepreneur who fails lo complywith the underlaking as furnished in Ihe self certification, shall be liable to pay fine amounting to rupees five thousand for the first such offence and rupees ten thousand for the second offence and if the offence is repeated lhereafter such entrepreneur shall be liable for legal aclion as specified under the relevant provisions of applicable Acts and Rules or Orders or Instructions. ' 11. ( I ) EveryDepartment or Authority concerned, shall issue the required clearances after prbcessing the application as required under Ihe applicable law wilhin the specified time limit and in case of failure to issue the required clearances wiihin the specified time limit, such clearances shatl be deemed to have been issued and the entrepreneurs may proceed with the impIementation of the project. (2) The deemed approvals shall continue to be in force until the Formal clearance is issued by the Departments or Authorities concerned. (3) The Nodal Agency shall communicate in wfiling to the entrepreneurs allowing the deemed approval as per the provision and a copy marked to Ihe Department or Authority concerned. (4) In the eventuality of delay which results in issue of deemed approval. the Heads of the Departmenls or Aulhority shall be liablefor imposition of penalty as prescribed.