Amendment status not verified — confirm the current text below against the official source.
(1) The Developer shall identify the area for the development of Application for development of Special Economic Zone and shall apply in the Form, appended to this Act to Special Economic the Director for approval. Zone. (2) On receipt of the application, the Director shall forward the proposal to the concerned department for comments. (3) The concerned department shall furnish its comments in respect of the proposal within the prescribed period. In case, the comments are not furmished by the depart1ment within the prescribed period, then it shall be deemed that the proposal has been approved by the department. (4) On the receipt of the comments from the concerned department or in case of deemed approval to the proposal, as mentioned in sub-section () the Director shall send the proposal to the Project Approval Committee for consideration. PUNJAB GOVT GAZ. (EXTRA), SEPT. 24,2009 135 (ASVN 2, 1931 SAKA) (3) For the purposes of performing its functions, the Chairman may co-opt any other officer as member of the Project Approval Committee as he may deem appropriate. | 4. The Project Approval Committee (hereinafter referred to as the Committee) shall perform the following functions, namely :— (I) The Committee shall approve, modify or reject any proposal for the establishment of a Special Economic Zone placed before it : Provided that the project approved by the Committee is in consonance with the Development Plan or Master Plan of that area : Provided further that the Developer shall not be required to apply for seeking change of land use, if the Special Economic Zone falls within the planning area and also shall not be required to apply for a licence as required under the Punjab Apartment and Property Regulation Act, 1995, which shall be deemed to have been granted. However, layout zoning plans and building plans shall be got approved from the competent authority. 2) The Member-Secretary of the Committee shall forward the recommendations of the Committee to the Government of India for approval. (3) The Committee shall review the progress of implementation of the project at such intervals, as it may deem necessary.