State Industrial Land and Building Management Rules, 2019

• 16 Jul 2022

Why in News?

• On July 15, 2022, in the meeting of the Council of Ministers under the chairmanship of Chief Minister Shivraj Singh Chouhan, the Council of Ministers approved the new Madhya Pradesh State Industrial Land and Building Management Rules, 2019 for proper and efficient management of developed/under development and undeveloped land under the Department of Industrial Policy, Investment Promotion. Decided to modify.

Key Points

• In this clause 12 (ii) c, the allocation of land/buildings in industrial areas should be transparent and fair and revenue should be increased, for this, instead of 'first come first serve', a provision has been made for 'e-bidding' process.
• clause 12(ii) (d), clause 13(ii) clause 13(III), clause 13(a) The time limit for letter of intent, allotment order, lease deed execution, occupancy etc.
• clause 13(vii) Provision has been made for payment in instalments for vacant land stretch in identified industrial areas.
• Clause 19(b)(II) The transfer cases include an option of Rs.50 crores with a minimum amount of 25% investment amount and a separate transfer fee has been provided as per the status of investment made in the proposed project.
• clause 20 has been revised to clause 20(A) and 20(B). For transfer of unusable land of the units operating in clause 20(A), provision has been made for division and transfer of unused land of the units closed in clause 20(a) instead of 500 sqm to 1000 sqm and in clause 20(b).
• clause 24(a) In the event of surrender of the plot of land, a provision has been made for refund of the sum assured after a period of 6 years in the case of SSI and after 7 years but also after surrendering before 9 years in case of medium and large scale industries.
• clause 34 The jurisdiction of land allotment for industrially ancillary purpose has been delegated to the Board of Directors.