State Act
49
Section 49. Penalty.
The Goa Investment Promotion and Facilitation of Single Window Clearance Act, 2021
Act no. 19 of 20212021In forceGoa (State Act)
49. Penalty.— Any investor who submits false information or fails to comply with the conditions or undertaking in the Declaration given to the Board or the Sub-Committee, as the case may be, shall be liable for a penalty not less than 2% but not exceeding 10%, of the investment value specified by the investor, to be imposed by the Board. The decision of the Board in this regard shall be final and binding upon the investor.