Goa State Incentives to Encourage Investments (Second Amendment) Scheme, 2023

Dec 12, 2023 | by TeamLease RegTech Legal Research Team

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Commercial ComplianceThe Government of Goa on December 06, 2023, notified the Goa State Incentives to Encourage Investments (Second Amendment) Scheme, 2023 to further amend the Goa State Incentives to Encourage Investments Scheme, 2017.

The following has been stated-

In partial modification to the Notification read at Serial No. I above, for (ii) clause 4.2 (a) and (c), the following shall be substituted, namely:-

(a)application under 'Capital Subsidy Scheme, 2017', Incentive to Industries for Training Prospective Employees Scheme, 2017, Financial Incentive Certification and Intellectual Property Rights Reimbursement Scheme, and Green Investments Scheme, 2017, shall be made within one year of commencement of production of the unit as mentioned in the Udyam registration or conducting training or obtaining the Certificate of Intellectual property Rights (IPR) or making the investments as applicable, respective

(c) However, all applications under all schemes received until 30/03/2023 shall be considered valid and accepted.

The rest of the content of the said notification shall remain unchanged.

This shall come into force with immediate effect.

[Notification No. 3/102017/-IND/272]


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