GREATER NOIDA
INDUSTRIAL DEVELOPMENT AUTHORITY
RULES AND REGULATIONS
FOR ALLOTMENT AND OTHER ASPECTS OF INDUSTRIAL PLOTS (WEF 01.06.2001)
1.
Application form
Applicant has to
submit prescribed application form along with processing fee Rs. 5000/-
and 2% of total premium of plot applied for, in the office of the General
Manager (Industries)
2.
Allotment letter
On approval of
the Chief Executive Officer proposed Allotment letter will be issued with
the condition that Unit has to be obtain and submit the NOC of pollution
in the office within three months.
Allotment letter
shall be issued with in one week from the date of allotment.
3.
Payment terms and Possession:
1.
SSI Units
8% premium has
to be deposited with in 30 days from the date of issue of allotment letter
and 40% shall be deposited in four interest free equal quarterly
installments.
In case of
delayed payment of 40% of total premium, which is required to be deposited
in quarterly interest free installments interest shall be charged at the
rates fixed by the authority with effect from the date of allotment.
Remaining
50%premium amount shall be deposited in 6 half yearly installments with
interest at the rates fixed by the Authority with effect from the date of
allotment.
For delayed
payments of installments required to be deposited with interest, panel
interest shall be charged fixed by the Authority with effect from the date
of allotment.
After depositing
10% allotment money, lease deed can be executed and possession shall be
handed over.
Any amount
deposited by the allottee will be adjusted in interest account first after
that the rest will be adjusted against the balance installment and lease
rent.
2.
Heavy and Medium category industries
For these
industrial units, payments shall be deposited as under:
8% amount with
in 30 days from the date of allotment. Out of 40% amount required to be
deposited without interest , 20% amount with in 60 days from the date of
allotment and remaining 20% allotment money with in 90 days from the date
of allotment required to be deposited. In case of delayed payments of
these amounts interest at the rate applicable on the date of allotment
shall be charged.
Remaining 50 %
amount of premium shall be deposited in 10 half yearly installments along
with interest at the rates fixed by the Authority shall be charged from
the date of allotment.
For delayed
payments of installments required to be deposited with interest, panel
interest shall be charged fixed by the Authority with effect from the date
of allotment.
After depositing
50% amount, lease deed can be executed and possession shall be handed
over.
Any amount
deposited by the allottee will be adjusted in interest account first after
that the rest will be adjusted against the balance installment and lease
rent.
4. Lease
Deed
1.
Execution of lease deed is essential within 18 month from the date of
allotment. Extension of 6 months can be granted on payments of penalty
equal to 3% of total premium. In case lease deed has not been executed
even on expiry of 2 years, allotment of plot will be cancelled.
2.
Possession of plot is essential to be taken on the date of registration of
lease deed.
5.
Time limit for commencement
of production and extension of time.
It will be
essential for the units to become functional with in 48 months from the
date of allotment.
In case, unit is
not made functional even efforts are made, unit has to apply for extension
of time in writing and extension shall be allowed on following conditions.
1.
One year extension can be granted on payment of penalty equal to 4% of
total premium by the approval of General Manager (Industries).
2.
Second extension of maximum one year can be granted on justified ground
of delay and on payment of penalty equal to 6% of total premium by the
approval of Additional Chief Executive Officer.
3.
In case, unit is not made functional even on two extension of time period,
unit has to apply with the explanations of delay grounds. Further
extension of maximum one year can be granted on payment of penalty equal
to 8% by the Chief Executive Officer considering as special circumstances.
4.
No extension shall be granted after the above stated extensions and
allotment will be cancelled.
6.
Promotional Scheme for Early Functional Units
For early
commencement of production by the unit, promotional incentive at the rate
of Rs. 50/- per sqm. Shall be provided on following conditions:
1.
Unit has to start production within two years from the date of allotment.
2.
Minimum 25 % of permitted covered area of allotted plot has to be
constructed.
3.
Has applied for production incentives with in 6 months from the date of
production.
Delayed applications shall be liable for
penalty as under-
For applications
received with one month delay Rs. 1/- per sqm.
For applications
received with two months delay Rs. 2/- per sqm.
For applications
received with three months delay Rs. 3/- per sqm.
Application
received after nine months shall be not be entertained.
Promotional
incentive amount will be adjusted in the last due instalment of premium.
In case, full payment has already been made, incentive amount shall be
paid through cheque.
7.
Surrender of Industrial Plots
1.
Surrender of plot will be accepted on deduction of amount mentioned
against the following periods from the date of allotment and balance
amount shall be refunded.
Period
Amount of Deduction
12
months 2% of total premium
13 to 24
months 4% of total premium
25 to 36
months 6% of total premium
37 to 48
months 10% of total premium
Above surrender
will be considered if allotment has not been cancelled for any other
reasons.
1.
Surrender will not be accepted of Non-Functional units after 48 months.
2.
In case of surrender after 48 months from the date of allotment of
functional units, 10% amount of Total premium shall be deducted and
remaining balance of deposited amount shall be refunded.
3.
In case of any construction made by the unit on plot, the same shall be
removed by the unit, otherwise the same shall be forfeited or removed and
removal charges shall be recovered from the allottee.
4.
Application of surrender is essentially signed by the allottee/lessee and
resolution of board of director will be required.
5.
In case of lease deed in favour of unit has been executed registered
surrender deed on the stamp of Rs. 100/- shall be executed.
8. Time
limit & level to accept Surrender
1.
Surrender will be approved by ACEO/CEO possibly with in 15 days from the
date of application.
2.
After approval of surrender, amount will be refunded by General Manager
(Industries) with in 15 days from the approval of surrender.
9.
Transfer of Industrial Plot/Units
1.
Transfer permission will be granted only for functional units. For this,
application to be submitted to General manager (Industries).
2.
Transfer will only be allowed after full payment of premium of plot and
other dues if any.
3.
Authority shall charge 5% of prevailing rates as transfer charges on every
transfer.
4.
No transfer charges are levied on transfer of shares in the Co./Cos.
listed in stock exchange.
10.
Cancellation of plot allotment-
Allotted plot
can be cancelled for the reasons mentioned as follow:
1.
Non payment of more than one interest free instalment with in prescribed
time limit.
2.
Non payment of consecutive two instalments required to be paid with
interest within prescribed due date.
3.
For non-execution of lease deed even in extended period.
4.
For not making the unit functional even on grant of extension.
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For cancellation of due to
above stated reasons, 20% of total premium shall be deducted and balance
deposited premium amount without interest will be refunded if 20% of total
premium amount is not-deposited, entire deposited amount shall be
forfeited.
5.
In case of cancellation made due to submission of wrong/false information
for allotment or concealment of facts, entire deposited amount shall be
forfeited.
11.
Restoration of cancelled allotment
Cancellation
made due to violation of allotments terms can be considered for
restoration on payment of restoration changes, at the rate of 10% of
original allotment, on following conditions:
1.
Receipt of application for restoration in the office of the General
Manager (Industries) within 60 days from cancellation, is essential.
2.
Restoration can only be allowed when unit has deposited minimum 50%
amount.
12. Change
in constitutions in industrial plots.
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Application should be submitted
for change in constitutions in industrial plots.
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With this change in
constitution, ownership rights should not be changed, otherwise procedure
of transfer shall be applicable.
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Ownership rights means original
allottee/ allottees should have possess minimum 51% share Holding.
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If it is observed that change of
ownership rights is made through change in constitution before unit is
made functional, such transfer shall be considered void and allotment will
be cancelled. After making the unit functional such change in constitution
is liable to deposit 5% of total premium.
13.
Proprietorship to partnership
Change in
constitution from proprietorship to partnership is proposed to be allowed
with following conditions.
1.
Certified copy of partnership deed and form A & B issued by Registrar of
firms should be submitted.
2.
In addition to above, Affidavit showing the relationship of additional
partner should also be required to be submitted.
14. Change
of partner in partnership deed.
Certified copy
of Dissolution deed, new partnership deed, form A and C issued by
Registrar of firm along with affidavit showing the relation among partners
are required to be submitted.
15.
Transfer of unit in Pvt. Ltd. /Ltd. Company.
Copy of Article
and memorandum of Association, Certificate of Incorporation, list of Share
Holders/Director duly certified by CA, From 32 duly acknowledge by R.O.C.
and Board resolution duly signed by the Company President are required to
be submitted.
16.
Change/Addition of Product.
1.
On submission of application alongwith project report of new product, can
be allowed.
2.
Change of products only be allowed for the products which are not
classified in Banned Industries.
3.
Permission for the change of products will be granted by General Manager
(Industries).
17. For
Mortgaging the plot.
1.
Mortgage permission of the plot can only be granted provided that
allotment is not earlier cancelled or time limit for coming into
production has not been expired.
2.
In case of mortgaging the plot, the Authority will have first charge and
allottee will make the due payments regularly time to time to the
Authority.
3.
On approval of additional Chief Executive Officer, mortgage permission
will be issued by the General Manager (Industries).
18. Lease
Rent
Lease Rent as
applicable earlier is proposed to be continued.
RULES AND REGULATIONS RELATED TO CLUSTER
GROUP.
1.
In Toy City, change of product, transfer or transfer through change in
constitution will be valid for making the production of toys and its
related products only.
2.
In Woman Entrepreneur Park, only woman/women will be the owner of the
plots.
3.
Only similar products will be allowed in the plots reserved for
metal/Wire/Cable/Furniture/Garments.
