(1) Notwithstanding anything written elsewhere in this regulation, the board may directly negotiate with an investor and grant permission to invest in the project in the case of section 16 of the Act.
(2) According to sub-rule (1), the person who wants to implement the project through negotiation shall submit the details as per sub-rule (1) of rule 11 to the disclosure board as per sub-rule (1) of rule 17.
(3) If the feasibility of the proposed project and the financial and technical ability of the proposer to implement the project are found while studying the details related to the application received according to sub-rule (2), the board may invite such proposer for negotiations.
(4) During the negotiation according to sub-rule (3), if the proponent finds a reasonable basis for the implementation of the project, the office will negotiate with the relevant investor on various aspects of project implementation.
(5) If the negotiation is successfully completed in accordance with sub-rule (4), the board will give permission to such proposer to invest for the implementation of the project on the recommendation of the office.