Amendment status not verified — confirm the current text below against the official source.
(a) In case necessary effective steps are not taken within the fixed period to establish the industry, the authority shall in such condition, cancel the allotment of allotted plot/shed and also forfeit the amount deposited in this connection. The authority shall, before cancelling the allotment allow one monthtime to the allottee to put up his case. the allottee on being dissatisfied with the order of the Authority may file an appeal to the State Governemnt within one month and the State Government shall, after due consideration dispose it of within two months from the date of receipt of the appeal. 4 (b)The authority shall, after cancellation of allotment of the plot/shed take possession of the said plot/shed. (3) The State Government may from time to time entrust the authority with any other work that is connected with planned development, maintenance of the Industrial Area and its amenities and matters connected there to. (4) The Authority shall have the powers of the Commissioners of Municipality as specified in Section 196, 197, 198, 199, 200, 201 and 202 the Bihar and Orissa Municipal Act, 1922, for purposes of removal encroachment on roads, house gullies any land in the development area and properties of the Authority. (5) The State Government, may be notification in the Official Gazette vest the Authority or the Chairman or the Managing Director with power under any other Act for planning, development and maintenance of civil amenities like housing and schools and vacation of encroachment, etc. that are exercisable by any local authority or statutory body or State agency under any law for the time being in force in this regard. (6)where, in the opinion of the Authority, as a consequence of any development having been executed by the Authority in any development area the value of any property in that area which has been benefited by the development has increased, the Authority may, with the prior approval of the State Government, levy upon the owners of the property or any person having interest therein a betterment charge in respect of the increase in value of the property resulting from the execution of the development: Provided that no betterment charge shall be levied in respect of land owned by the State or Central Government. (7) Such betterment charge shall be an amount in respect of any property situated in a development area, equal to one-third of the amount by which the value of the property on the completion of the execution of the development scheme, estimated as if the property were clear of building exceeds the value of the property prior to such execution estimated in like manner : (8) The Authority may, in addition to the grants loans, advances subsidies that may by received from the State Government; also borrow from any source, with the prior approval of the State Government. 5