Himachal Pradesh Lease (4th Amendment) Rules, 2024

Aug 05, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Himachal Pradesh on July 24, 2024, issued the Himachal Pradesh Lease (4th Amendment) Rules, 2024, to further amend the Himachal Pradesh Lease Rules, 2013.

The following amendments have been stated:

• In rule 7, which states “Sanction of lease”, after the existing provisos, the following proviso shall be added, namely:

o "Provided further that it shall be mandatory for the user agency to execute the lease deed within 6 months after the approval under the Forest Conservations Act, 1980.

• In rule 8, which states “Lease amount”, in clause (i), for the second proviso the following proviso shall be substituted, namely:

o "Provided further that for the Hydro Electric Projects (HEPs) and other infrastructure projects for which Government forest land has been diverted by the State or Central Government, the lease rent/amount shall be charged @ Rs. 5 per Sqmt. per annum;

• In rule 8, which states “Lease amount”, in clause (ii) the following proviso shall be inserted namely:

o "Provided that the project developers who intend to deposit the lease money in one single instalment for the complete 40 years shall be exempted from enhancement being made after every 5 years for the project."

This notification will come into force from the date of publication in Rajpatra (e-Gazette), Himachal Pradesh.

[Notification No. Rev-D (G)6-9/2019 Part-1]


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