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MAHARA5HTRA INDUSTRIAL DEVELOPMENT CORPORATION( A Government of Maharashtra Undertaking )

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Marol Industrial AreaAndheri(E),Bombay-J3.

No.l'lIDC/Leg8l/11CO'J Dated 10th August,1986.

C IRe U L A R. -~

Read Circular'No.MIOC!Legal!21746dt.15th October 1981.-----------------------------

The last para of the above Circular reads as

u ndar - •i :. "5. The applications for transfer which are !.'t.-,

~eceived on or after 1st day of October 1981 in re~pectof non-formal cases of built-up sheds of MIDC be allowedon re~overy of 100% difference in respect oi land and 100%

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difference between the cost of th~ built-up shed at thet i r r '. f .1 1 C' ': ,"'l ,- n t; -i r, rj C, nth dny or recoipt of tho appli- .JI"

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') '.J r i r. t.: I. 11: r'o (J f t hi:, ~-;.i.'.The above position has since been reviewed in the

c o-ordinati on meeting ho l.d wi,th M. 0 .MeFC~ I t was decided·that uh eree vo r , the allottee of'tho shod ,hasgone'in pro-

,..~duction within ,a period of ~hree years from tho, date ofexecution of the lease or from the date of handing over

.'the possession of the abed whichever is oarlier in suchcases while considering tho requests for transfer, thedifference between the shed cost may not be recoveredbut only 100% diffDrcncc between the land cost bo recovored ~f rom the' -:;tl'"cJ holders.

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Acccrdin~ly in partial modificatibn to C~rcularN (J .rn LC/Lcg;)l/2~ 746 dt.15th Octobor'Wf31~iJIl following

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•... 2/-o ro issued :-instructions

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If the allottee of the shed has gone in

production within 3 yeats from tho date of oxocu-tion of tho Lease ,or from tho date of handing OVer

the possossion of the shod, whichever is esrli6r,while allowing the trans for of the sheds the diff-oronce betwd'cn the shod cost shull not be recovered

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the c ire u 1arch t . r.~ l:i. 1 [J • 19b1 •

•r)l)'1 la '1,3,l.:;'~AYv\'A.()f-

, (R. B. 8udhiraja) i,',:Chief Executivo Dff:icer. ,

I\Copy to!:

1) All !{c,:s -.r' Dc':~':'rt:-;:C-(lt~." .', .1

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3) All hron Man2gers.4) All Asstt. Area Managers.