The Tamil Nadu authorities has relaxed the land ceiling restrict, permitting corporations to own 120 acres of dry land and 60 acres of wetland with none permission.
Holders of extra land can now get a ‘37-A permission’ with the removing of ‘seller-attracted’ points. That is to ease the compliance burden for industries, mentioned a senior authorities official. Many corporations, notably within the renewable power sector, had sought this, mentioned one other.
The Industrial Exemption Committee has not been recommending grant of permission for ‘seller-attracted’ land. The Trade Division felt that Part 20 of the Land Reforms Act shouldn’t be enforced on industrial models when the vendor from whom they purchased the land held parcels past the ceiling however no declaration was made by the authorised officer of the land.
Within the current financial situation, such regularisation of switch of land coated below Part 37-A with none loss to the federal government is crucial. In instances the place the economic enterprise has utilized for permission below 37-A to carry surplus land, and no declaration was made by the authorised officer, as contemplated below Part 20 of the Act, the State authorities should first contemplate the appliance for permission to carry the land for industrial objective on deserves, and thus seller-attracted points is not going to be a bar to think about an utility. It’s only if such permission is refused that the authorised officer can move orders for switch of the land to the federal government, says a Authorities Order. Additional, whereas declaring the excess land, provision of the Act and Guidelines will prevail, the order mentioned.
“It’s a win-win step. These outdated ceiling legal guidelines mustn’t have been there. With this, extra manufacturing models can be attracted and enhance lives of individuals and in addition generate revenues for the federal government,” mentioned T Padam Dugar, President, CREDAI-Chennai Chapter.
Industries should purchase land at economical costs and don’t need to undergo lengthy processes, mentioned M Murali, CMD, Shriram Properties.