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Rule 9
Capital increase, capacity increase or addition or change of purpose should be approved
(1) If an enterprise wishes to obtain approval for increasing its existing capital, increasing its capacity or adding or changing its purpose, it shall submit an application to the industry registration body in accordance with Schedule-12 along with the following documents and details: -
(a) Audit report of previous financial year,
(b) tax payment certificate of the previous financial year, (c) updated details of the industry as per Schedule-13,
(d) Capital increase, capacity increase or purpose addition or change of the industry: In case of amendment in the charter and regulations of the related company, a copy of the same,
(e) “Copy,
of the agreement between the partners in case of a partnership firm (f) prevalent; If the recommendation of an agency is required according to the law, the recommendation letter of the relevant agency,
(g) Environmental study report approved according to prevailing law in case of industries requiring environmental study report.
(2) When examining the documents and details submitted with the application received under sub-rule (1), if any additional details or documents are required to confirm the application, the industry registration body may demand such documents and details from the applicant.
(3) According to sub-rule (2), the petitioner shall submit the requested documents and details to the industry registration body within seven days. (4) If it is found necessary to conduct an on-site inspection of the industry while examining the application, documents and details as per sub-rule (1), the industry registration body may conduct an on-site inspection of such industry or take a report on it.
(5) Based on the application, details and documents received as per sub-rules (1) and (3) and the on-site inspection report as per sub-rule (4), if it is deemed appropriate to give approval, the industry registration body shall, in accordance with sub-section (2) of section 12 of the Act, the existing capital of the industry Approval should be given to increase, increase capacity or add or change purpose.