Section 4(2) in Bihar Industrial Investment Promotion Act, 2016
(2)The following shall be the functions and powers of the State Investment Promotion Board.-(a)All proposals placed before it by the Secretariat of the State Board shall be approved or appropriate decision shall be taken on the proposal;(b)The State Board shall meet atleast once a month.(c)It shall guide and advise the Department on Bihar State Industrial Investment Policy.(d)State Board in each meeting shall also review the progress in the working of the Secretariat of the State Investment Promotion Board and shall give appropriate instructions to ensure speedy processing of investment proposals.(e)The state board shall recommend action against the competent authority if the competent authority has not carried the prescribed responsibility under this act.
