Advik By Rof

Ar. Neeraj Gautam, Associate Architectural Executive and Sh. Ashish Dubey, Chartered Accountant briefed about the facts of the project. Sh. Rahul Mittal (AR) and Sh. Tanish Bhutani (AR) are present on behalf of the promoter. The Authorized Representative of the promoter states that presently the approvals of environmental clearance, service plans & estimates, fire scheme, electrification plan and road access permission are under process and have not yet been obtained as on date. Further, the AR of the promoter undertakes to obtain and submit: i.           Environmental clearance, Approved Service Plans and Estimates and Approved fire scheme within 6 months from the date of grant of registration; ii.         Electrification plan and Road access permission within 6 months from the date of grant of registration; iii.       Tree cutting permission before cutting/felling of any trees on site; and iv.        Mining permission before commencement of excavation at site. Further, he undertakes to submit three separate Demand Drafts/Bank Guarantees amounting to Rs. 25 lakhs each as a security deposit for timely compliance with the above requirements at point (i). It is also expressly undertaken that in the event of failure to obtain and submit the above approval(s) within the stipulated time frame, the said security amount(s) shall be liable to be forfeited by the Authority. The Authority has taken note of the submissions made by the Authorized Representative of the promoter regarding the non-availability of the aforesaid statutory approvals as on date. In view of the above, and in the interest of regulatory compliance, the Authority hereby directs that the promoter shall submit three Demand Drafts/Bank Guarantees amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each in favour of the Authority, as security amounts for submission of Environmental clearance, Approved Service Plans and Estimates and Approved fire scheme within 6 months from the date of grant of registration. In the event of non-submission of the above approval(s) within the prescribed time frame, the corresponding security amount(s) shall stand forfeited by the Authority, and such failure may also attract additional regulatory action as permissible under the Act of 2016, Rules and Regulations made thereunder. Further, the promoter shall submit electrification plan and road access permission within 6 months from the date of grant of registration, tree cutting permission before cutting/felling of any trees on site and mining permission before commencement of excavation at site. Registration of the project is approved as proposed subject to rectification of deficiencies mentioned above at S. No. 33. The Registration Certificate shall be issued after submission of remaining deficiencies mentioned above at S. No. 33 including correction in form REP-I (Part A-H), Online DPI and submission of BGs/DDs of Rs. 25 lakhs each for submission of environmental clearance, approved service plan & estimates and approved fire scheme within the timeframe mentioned above.