Bare ActsThe Goa Industrial Development Act, 1965

Section 12

Permissible sub-lease and fees therein

Amendment status not verified — confirm the current text below against the official source.

Permissible sub-lease and fees therein.— (i) Permissible sub-leases with Nil sub-lease fees:— -40- (a) All sub-leases listed under Schedule I-B. (b) All sub-leases wherein the original plot was allotted under an auction process of the Corporation. (c) All sub-leases to and amongst the institutions and entities owned and/or controlled by Government of India/Government of Goa. (ii) Non-refundable one time processing fee of Rs. 5/- per sq. mts. of the plot area shall be payable by the allottee in respect of the permissible sub-leases under clause 12 (i) above. This fee shall apply at each instance of a new sub-lease being sought to be created by the allottee. (iii) Permissible sub-leases entailing sub-lease fees: All sub-leases within the same category and/or all sub-leases involving change in use amongst the categories (1), (2), (3), (4) and (5) listed below in the ascending order:— (1) Industrial Undertaking; (2) Institutions; (3) Service Industry; (4) Utilities; (5) Commercial activity. (iv) Any case which does not fall under the category of prohibited or permissible sub-leases as per these regulations shall be referred to the Board for a decision and the decision of the Board shall be final and binding. (v) Processing fees prescribed under clause 21 would be applicable in the cases covered under clause 12(iii) above.

Section 12 – The Goa Industrial Development Act, 1965 | DailyLaw.ai