Amendment status not verified — confirm the current text below against the official source.
5[(1) For Eligible Enterprise being set up or operational in Approved Industrial Park(s) or Real Estate Project(s), the District Nodal Agency, upon receipt of Declaration of Intent, shall forthwith, issue a Certificate of In- Principle Approval within five working days to new and existing enterprise. (2) For Eligible Enterprise being set up or operational outside the Approved Industrial Park(s) or Real Estate Project(s) and on areas, approved under the relevant regional plan or master plan or notified local planning areas, the decision to issue a Certificate of In Principle Approval shall be taken by the 1 Substituted by Punjab Act No. 1 of 2022, Section 5 2Substituted for the words "forty-eight hours" by Punjab Act No. 1 of 2022, Section 5 3Substituted for the words "btain" by Punjab Act No. 1 of 2022, Section 5 4 Substituted for words “the single window system of the Punjab Bureau of Investment Promotion (PBIP)” by Punjab Act No. 14 of 2025, Section 7 (ii) 5 Substituted by Punjab Act No. 14 of 2025, Section 8 Scrutiny Committee. Issuance of Certificate of In Principle Approval District Nodal Agency within a period of fifteen working days for new Enterprise and within eighteen working days for Existing Enterprise in accordance with the procedure, as may be prescribed.] (3) In case the decision to issue the Certificate of In Principle Approval is not taken within the stipulated period specified in sub-sections (1) and (2), the same shall be deemed to have been issued by the District Nodal Agency. 1[(4) The District Nodal Agency may appoint an officer of the department concerned to inspect the Enterprise undertaking expansion before issuing a Certificate of in Principal Approval. The inspection report shall be made available to the District Nodal Agency within forty-eight working hours after the inspection]