Guidelines regarding "Grant of Extension of Validity of in-principle approvals" - Reg.

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.... Commissioners Subject: Guidelines regarding "Grant of Extension of Validity of in-principle approvals" - Reg. The undersigned is directed to enclose herewith guidelines regarding grant of Extension of Validity of in-principle approvals as per the decisions taken in the 12th and 31st meetings of the Board of Approvals held on 31.05.2007 and 15.01.2009 respectively for information and necessary a....

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....Validity of in-principle approvals: All such cases where: (i) the request for extension had been filed before the expiry of the LoA and (ii) where steps for implementation of the proposal like acquisition/purchase of land etc. have been taken; the Letter of Approval (LoA) may be extended for 1 more year beyond the original validity. While extending the in-principle LoAs, any approvals given f....

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..../possession Multi-product Conditions laid by BoA in its 12th meeting Conditions for grant of first extension will be applicable. Apart from this, the developer must have 50% land acquisition/possession The cases which do not fulfil the above criteria will be placed before BoA for consideration. The Board noted that as per SEZ Rules 2006, the in-principle approval is valid for one year and ex....