Amendment status not verified — confirm the current text below against the official source.
Clauses (ii-a) and (ii-b) were inserted by Guj. 18 of 2019, s.5(2)(a). 12 Saurashtra Gharkhed, Tenancy Settlement and Agricultural Lands Ordinance, 1949. [ 1949 : Sau Ord. XLI 1[(vi) the purchaser shall not be entitled to sale or transfer the land for the first three years from the date of grant of approval for establishing industrial park and in case where the purchaser is of the view, after a period of three years from the date of purchase of such land, that it is not possible for him to fulfill the condition and obtain the certificate/certificates as referred to in this section, he may make an application to the Collector for grant of permission to sale or transfer of such land for other bonafide industrial purpose and the Collector shall there upon grant such permission to sale only upon payment of,– (a) 100 per cent. of the prevailing jantri value, if the application is made after a period of three years but before completion of a period of five years from the date of certificate as referred to in sub-clause (i) of clause (c) of sub-section (3) or, as the case may be, the certificate as referred to in clause (ii-a) of sub-section (3B); (b) 60 per cent. of the prevailing jantri value, if the application is made after a period of five years but before completion of a period of seven years from the date of certificate as referred to in sub-clause (i) of clause (c) of sub-section (3) or, as the case may be, the certificate as referred to in clause (ii-a) of sub-section (3B); (c) 30 per cent. of the prevailing jantri value, if the application is made after a period of seven years but before completion of a period of ten years from the date of certificate as referred to in sub-clause (i) of clause (c) of sub-section (3) or, as the case may be, the certificate as referred to in clause (ii-a) of sub-section (3B); (d) 25 per cent. of the prevailing jantri value if the application is made beyond ten years: 2[Provided that,- (i) such permission for sale of such land shall be granted only for the bonafide industrial purpose and in case the indutrial purpose usage is not permissible under the Common General Development Control Regulations, such permission shall be granted only for the purpose of use of such land as per the zone declared in Common General Development Control Regulations; (ii) clauses (a) to (d) shall not apply in the cases of the land which is purchased for bonafide industrial purpose and which needs to be transferred in the case of merger, amalgamation, joint venture, subsidiary company, group company and associate company, conversion of partnership in the company and vice versa or into limited liability partnership, change in partners but in such cases permission shall be granted after charging of 10 per cent. of the prevailing jantri value; (iii) clauses (a) to (d) shall not apply in the cases of the land which is purchased for bonafide industrial purpose and which needs to be transferred in the case of acquisition of assets of industrial unit under order of Debt Recovery Tribunal/National Company Law Tribunal/ Liquidator/ Financial Institutions auction, subject to the condition that such transfer is ordered by such Court/ Authority but in such cases the purchaser shall apply for permission within 60 days from the date of transfer of assets by authority and such permission shall be granted after charging of 10 per cent. of the prevailing jantri value; (iv) if any bonafide industrial user fails to take such permission within a period as specified in clause (iii) above, the Collector shall grant permission by charging of 20 per cent. of the prevailing jantri value. 3[Explanation.—For the purpose of this section, the expession “bonafide industrial purpose” includes and shall always be deemed to have included the establishment of the industrial park.]