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Whether TANSIDCO will cancel the allotment, if the plot allotted is not utilised within the stipulated time?

April 26, 2017allotment allotted cancel plot stipulated tansidco time utilised

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Whether TANSIDCO will cancel the allotment, if the plot allotted is not utilised within the stipulated time?

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Ans: The developed plot allotted is subject to cancellation if it is not utilised within the stipulated time as per the allotment terms & conditions. However, the request of entrepreneur to extend time to start unit in the plot will be considered based on the merit of the case and on payment of penalty (after the prescribed period). 8. Is it necessary for an entrepreneur to get permission from TANSIDCO to sell the shed / plot allotted to him/her to another entrepreneur? Ans: Yes. Such permission is required for sale of shed / plots from one entrepreneur to another since it will help the purchasing entrepreneur to get all clearances from other Govt. Departments / undertakings and start his / her business without any legal constraints. TANSIDCO will give such permission as per the prevailing conditions.