Devasya Bharat

Ar. Neeraj Gautam, Associate Architectural Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Rakesh Kaur (Managing Director) and Sh. Saurabh Kumar (Sr. Manager) are present on behalf of the promoter. The AR of the promoter proposes to submit the DD/BG of Rs. 25 lakhs as security to submit the service plans & estimates approval within 3 months of grant the registration. It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approvals within the stipulated time frames, the said security amount(s) shall be liable to be forfeited by the Authority. The AR request to grant registration to the project subject to the submission of service plans & estimates approval within 3 months, road access permission within two months and mining permission before commencement of construction and above DD/BG along with remaining deficiencies before issuance of the certificate. 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 submission of proposal to submit the Demand Draft / Bank Guarantee, amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) in lieu of timely submission of approved service plans and estimates, in favour of the Authority, the promoter is directed to submit of following approvals: a.       Service Plans and Estimates: within 3 months from the date of grant of registration; and b.       Mining permission: before commencement of construction c.        Road access permission: within 2 months from the date of grant of registration. In the event of non-submission of approved service plans and estimates within the prescribed time frame, the corresponding security amount shall stand forfeited by the Authority, and the failure to submit any of the above approvals/ permissions within the prescribed timeframe may also attract additional regulatory action as permissible under the Act of 2016, Rules and Regulations made thereunder. The Authority further observes that the license no. 144 of 2022 from which 1.34375 acres has been migrated into the license no. 141 of 2024 is already registered with the Authority vide RC no. 106 of 2022 as “India Rashtra”. Approved as proposed subject to rectification of deficiencies mentioned above at S. No. 21. Also, since the license no. 144 of 2022 from which 1.34375 acres has been migrated into the license no. 141 of 2024 is already registered with the Authority vide RC no. 106 of 2022 as “India Rashtra”, accordingly, the promoter is directed to apply for the amendment of registration certificate no. 106 of 2022 within 3 weeks from the date of this order along with all revised and updated documents. The Registration Certificate shall be issued after deposition of above BG/DD and rectification of other deficiencies as listed above at S. No. 21.