Disposal of Land Rules - RIICO

(i) Committee - I comprising of Advisor (Infra), Advisor (A&M), FA, CGM
/GM, Controlling Officer of Technical Cell and Company Secretary
(Convenor) under chairmanship of *the Executive Director shall decide the
following cases of waiver / reduction, having financial implication upto Rs.
2,00,000/-:
(a) Interest on outstanding development charges, economic rent and service
charges.
(b) Retention charges
(c) Rent / interest on rent of building let out by the Corporation
(d) Penalty in water bills due to non-payment in time.
(e) Premium/ interest on premium levied upon allottee for sub-letting the
premises.
(f) Penalty on service charges for non-payment of service charges in time.
* The Committee will be headed by the Advisor (Infra) , if the Executive
Director is not posted in the Corporation.
The Committee shall have quorum of 3 officers.
(ii) Committee-II comprising of Advisor (Infra), Advisor (A&M), FA
(Convenor), CGM/GM, Controlling Officer of Technical Cell and Company
Secretary under chairmanship of CMD shall decide the cases of waiver /
reduction mentioned in above para having financial implication more than Rs.
2,00,000/- The Committee shall have quorum of 5 officers. However, CMD
may also exercise the powers without Committee's recommendations in
deserving cases for reasons to be recorded in writing.
(iii)The Committee-II under chairmanship of CMD shall also decide the
following matters / cases irrespective of amount of financial implication
involved:
Transfer premium for transfer of part land if the unit is exclusively
financed by RIICO by way of term loan and the loanee intends to clear
term loan dues under one time settlement by way of sale of part land under
Rule 17B.
The cases of charging simple interest on outstanding dues of plot / shed
allotted before 30.9.75 and to waive recovery of panel interest or grant
rebate in rate of interest on outstanding dues of plot / shed, if allottee is
prepared to pay all the outstanding dues in lump sum.
CMD is also authorised for giving delegation / special powers to SRM/RM
for deciding the cases in industrial campaigns.
(Inserted as per IDC decisions taken vide item 12 on 23.9. 2002 & amended vide item15 on
6.6.05. Amended as per item 4 of the meeting held on16.12.2010)
23D-1 The retention charges for the period during which the allottee could not
commence or carry the activities on the plot in view of court stay or decision