Amendment status not verified — confirm the current text below against the official source.
Prohibited transfers and exception therein.— (i) Transfer is prohibited in following cases:— (a) Plot without building construction; (b) Plot with partial building construction; (c) For the purpose of starting a new liquor or tobacco industry; (d) Transfer with change in use in the descending order, amongst the categories (1), (2), (3), (4) and (5) listed below:— (1) Industrial Undertaking; (2) Institutions; (3) Service Industry; (4) Utilities; (5) Commercial activity. -37- (ii) Exceptions to prohibited transfers under clauses 6 (i) above:— (1) Formal transfers specified under Schedule-IA; (2) Formal transfers specified under Schedule II; and (3) Transfers under sub-clause 5, 6 & 7 of Schedule III. (4) Transfer involving existing liquor or tobacco manufacturing units strictly subject to the decision and direction of the Government. (iii) Action in the event the possession is handed over in categories covered under prohibited transfers.— In an event the allottee hands over the possession of the plot to a third party under the category of prohibited transfers specified under clause 6 (i) above, the Corporation shall summarily re-enter upon and resume the possession of the plot.