Section 3: Processing of proposals, etc.

(1) The Minister shall, not later than three months after receipt of proposals made pursuant to section 1 of this Act -
(a) convey his approval therefor with or without modifications and specify the time within which it shall be implemented; or
(b) convey his intention to reject the proposals, so however that where, subsequent to such notice to reject, the designated employer concerned makes the necessary adjustments, the Minister may convey approval for the scheme as provided in paragraph (a) of subsection (1) of this section.
(2) Where a proposal is rejected in its entirety, the Minister shall set out the reasons for such rejection and the designated employer concerned shall, not later than three months after such rejection is notified to him, submit fresh proposals which conform in all respects to prescribed standards to the Minister and the provisions of subsection (1) of this section shall apply accordingly