The Government of Madhya Pradesh on April 06, 2023, published the Madhya Pradesh Udyogon Ki Sthapna Evam Parichalan Ka Saralikaran Adhiniyam, 2023
This Act aims to provide an exemption from obtaining specified approvals and inspections for establishing and operationalizing industrial units in Madhya Pradesh and matters connected therewith
The Following has been stated namely: -
• This Act shall apply to the entire state of Madhya Pradesh
• Various Terminologies have been defined such as "acknowledgment certificate", "commencement of commercial operation”, "notified area" etc.
• 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 consider appropriate.
• The powers and functions of the nodal agency shall be as follows: -
(i) The nodal agency shall assist and facilitate the establishment of industrial Functions of units in the notified areas of the nodal agency.
(ii) The nodal agency shall maintain the record of intention to invest received and acknowledgment certificate issued under this Act.
(iii) 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.
•It states that Any person who 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.
• It states that an acknowledgment Certificate shall have the effect of approval, for a period of three years from the date of its issuance.
• The Industrial units commencing commercial operations prior to the expiry of the period of three years from the date of issue of the acknowledgment certificate, shall be required to obtain all the necessary approvals before the commencement of commercial operations.
This Act has repealed the Madhya Pradesh Udyogon Ki Sthapna Evam Parichalan Ka Saralikaran Adhyadesh 2023.
[Notification No. 13/2023]
