(1) In accordance with sub-rule (1) of rule 16, in addition to other things, the contract with the investor shall mention the period of project implementation and the schedule shall be mentioned so that the indicators or achievements of the project implementation are shown periodically within such period.
(2) If there is a work schedule according to sub-rule (1), the office shall regularly monitor whether the project has been constructed, implemented or operated according to such work schedule and whether indicators or achievements have been achieved.
(3) During the monitoring according to sub-rule (2), if there is no indication of the construction, implementation or implementation of the project according to the schedule, or if it is seen that the achievement has not been achieved, the office will give a deadline of seven days and demand an explanation from the investor of the project regarding the non-construction, implementation or operation of the project.
(4) In accordance with the sub-rule (3), the investor concerned with the opening shall submit an explanation to the office within the prescribed period due to the fact that the project has not been implemented according to the schedule as per the sub-rule (1).
(5) If the relevant investor does not submit an explanation according to sub-rule (4) or if the submitted explanation is not reasonable, the office will give a maximum of three months or as mentioned in the agreement and give an opportunity to make improvements so that the project can be constructed, implemented or operated according to the schedule within such period.
(6) After being given the opportunity to improve according to sub-rule (5), within the improvement period, the relevant investor shall manage the project in such a way that the project can be constructed, implemented or operated according to the schedule.
(7) If the project cannot be managed in accordance with sub-rule (6) or if the project has been managed but no indicators of improvement in project implementation or achievements have been achieved within the period given by the office according to sub-rule (5), the office shall give such investor an additional period of three months and within that period the project shall be approved by the Board. Section 7 of the Act to implement
(g) True as perWill do it.
(8) After being alerted according to sub-rule (7), within the given time limit, the concerned investor shall get the schedule of construction, implementation or operation of the project approved by the board and execute the project according to the approved schedule.
(9) In case the schedule is not approved according to sub-rule (8) or the project is not constructed, implemented or operated according to the approved schedule or the indicators or achievements according to the schedule are not achieved even though the project is implemented, the investment office in the project shall submit a recommendation to the board for the cancellation of the permit for reasons and basis. Will do.
(10) The board may cancel the investment permit in the project if the recommendation is submitted according to sub-rule (9).