9911796707
TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Marigold Premises Private Limited, Pune notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... de number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002 and vide number S.O. 354(E) dated the lst day of April, 2002, for the period beginning on the lst day of April, 1997 and ending on the 31st day of March, 2006; And whereas M/s. Marigold Premises Private Limited, having registered office at Survey No. 15, Vadgaon Sheri, Kalyani Nagar, Pune-411 014, is developing an Industrial Park at Survey No. 15 & others, Vadgaonsheri, Pune-411 014, Maharashtra; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15(5)/2003-IP & ID, dated 17-2-2003 (amended on 30-7-2003) subject to the ter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... up space for industrial use (Amount in Rupees) : 48.00 Crores (xi) Proposed date of commencement of the Industrial Park : December, 2003 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In the case of an Industrial Park which provides built-up space for industrial use, the minimum expenditure on infrastructure development including cost of construction of industrial space, shall not be less than 60% of the total project cost. 3. Infrastructure development shall include, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power, air-conditioning and such othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1961. 9. The approval will be invalid and M/s. Marigold Premises Private Limited, Pune, shall be solely responsible for any repercussions of such invalidity, if (i) the application on the basis of which the approval is accorded by the Central Government contains wrong information/misinformation or some material information has not been provided in it. (ii) it is for the location of the industrial park for which approval has already been accorded in the name of another undertaking. 10. In case M/s. Marigold Premises Private Limited, Pune, transfers the operation and maintenance of the industrial park (i.e., transferor undertaking) to another undertaking (i.e., the transferee undertaking), the transferor and transferee shall jointly int ..... X X X X Extracts X X X X X X X X Extracts X X X X
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