Amendment status not verified — confirm the current text below against the official source.
Diesel. The levy shall be at the first stage of sale of diesel in the State of Punjab64. REKHA MITTAL, Secretary to Government of Punjab, Department of Legal and Legislature Affairs. 59 As amended vide notification no. S.O. 85/P.A.8/2002/S.25/2012 dated 25.09.2012 60 As amended vide notification no. 1/30/12-5FEIV/767 dated 07.11.2012 61 As amended vide notification no. 1/30/12-5FEIV/536 dated 23.10.2013 62 As amended vide notification no. S.O.49/P.A.8/2002/S.53/2015 dated 10.11.2015 63 As amended vide notification no. S.O.13/P.A.8/2002/S.25/2014 dated 03.02.2014 64 As amended vide notification no. 7(1)11/01-5FE-4/4506 dated 13.07.2006 PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 44 STATEMENTS OF OBJECTS AND REASONS The Punjab Infrastructure (Development and Regulation) Bill, 2002 is proposed to provide high priority on infrastructure development to accelerate economic and industrial growth in the State. In view of the volume of funds required for infrastructure development, the State Government wishes to encourage the private sector to supplement its efforts in developing the infrastructure facilities by participating in its financial and/ or development operations and management thereof. This Bill seeks to establish a regulatory framework which will provide clear guidelines for all aspects for infrastructure development from the conception to the implementation. LAL SINGH, Finance Minister, Punjab. PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 45 FINANCIAL MEMORANDUM The Punjab Infrastructure (Development and Regulation) Bill, 2002 is being introduced to attract and facilitate private participation in infrastructure development as the State Government recognizes the need to : - (a) have an overarching legislation to secure a level playing field for private participations; (b) establish a transparent regulatory framework governed by an autonomous regulator; and (c) grant various concessions and incentives to make the infrastructure projects and the investment opportunities viable and attractive. The actual financial implications can only be worked out as and when any incentives are granted in this regard. PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 46 MEMORANDUM REGARDING DELEGATION LEGISLATION Clause 24 of the Punjab Infrastructure (Development and Regulation) Bill, 2002 empowers the Board to make the Bye-laws for carrying out the purpose of the Bill. The powers sought are necessary for the proper implementation of the provisions of the Bill and are normal in nature. _________ The Governor has, in pursuance of clause (1) of Article 207 of the Constitution of India, recommended to the Punjab Legislative Assembly, the introduction of the Bill. CHANDIGARH : NACHHATTAR SING MAVI, The 25th June, 2002 Secretary. _________________________________________________________________ N.B. - The above Bill was published in the Punjab Government Gazette (Extraordinary), dated the 25th June, 2002, under the proviso to rule 121 of the Rules of Procedure and Conduct of Business in the Punjab Vidhan Sabha (Punjab Legislative Assembly). PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 47 PUNJAB INFRASTRUCTURE DEVELOPMENT BOARD BYE-LAWS, 2002 ___________________________________________________________________ In exercise of powers conferred by Sub-Section 1 of Section 24 of the Punjab Infrastructure (Development & Regulation) Act, 2002 (Punjab Act No. 8 of 2002), and all other powers enabling it in this behalf, the Board is pleased to make the following bye-laws, namely :- BYE-LAWS CHAPTER 1 GENERAL