SS Cendana And SS One

Ar. Neeraj Gautam, Associate Architectural Executive and Ms. Asha, Chartered Accountant briefed about the facts of the project. Sh. Ashok Singh Jaunapuria (Director), Sh. Manoj Shukla (AR) and Sh. Sunil Shekhawat (AR) are present on behalf of the promoter. The Authorized Representative of the promoter states that presently the approval of revised service plans and estimates, revised fire scheme and revised environmental clearance are under process and the said approvals have not yet been obtained as on date. Further, the Authorized Representative of the promoter undertakes to obtain and submit: i.       Revised Service Plans and Estimates within 4 months from the date of grant of amendment in registration; ii.     Revised Fire Scheme within 4 months from the date of grant of amendment in registration; iii.   Revised Environmental Clearance within 6 months from the date of grant of amendment in registration; and iv.   Mining permission before commencement of excavation.   Further, he undertakes to submit three Demand Draft/Bank Guarantee amounting to Rs. 25 lakhs each, as a security deposit for timely compliance with the above requirements at point (i), (ii) and (iii). It is also expressly undertaken that in the event of failure to obtain and submit the aforesaid approvals 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 Draft/ Bank Guarantee, amounting to Rs. 25,00,000/- (Rupees Twenty-Five Lakhs only) each, in favour of the Authority, as security amounts for timely submission of Revised Service Plans and Estimates, Revised Fire Scheme and Revised Environmental Clearance within the time period mentioned above. The Mining permission shall be submitted before commencement of excavation at the site. In the event of non-submission of the above approval 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. Approved as proposed subject to rectification of deficiencies mentioned above at S. No. 37. The addendum certificate shall be issued after submission of remaining deficiencies mentioned above including correction in form REP-I (Part A-H), Online DPI and submission of three DD/BG of Rs. 25 lakhs each for submission of Revised Service Plans and Estimates, Revised Fire Scheme and Revised Environmental Clearance within the timeframe mentioned above.