Amendment of preamble, 15 of 1992

In t h e preamble to the. Azamabad, Industrial Area (Termination and ReguLation of teases) Act, 1992 (hereinafter referred to as the principal Act 1, for the last paragraph, the following shall be substituted, namely:- 'And whereas it i s necessary to give effect to' the Directive Principles of State Policy as contained in clauses Ib) and le) of article 39 of t h ~ C o n 6 t i t u t i o n of India ; And whereas it isconsidered expedient, in public -interest, to terminate by law such' of the existing leases or other arrangements made or entered into in respect of d d s e d plots or .portions thereof i n ~ndust~ial Area, Azmabad , nyderabad, which attract any of the grounds stated in - clause (b) o f - sub-, section (I) of seetiotr 3, to curb, misuse or violations and to prevent the non- industrial use, including unauthorised- constructions and.to regulate t h e leases afresh, as may be decided by the Govern- m e n t , w i t h such .uni$orm terms and condi- tions including reduced lease period and revised rates of premium -and q u i t rent - and adoption of standard format of lease deed,. thereby ensuring' maximum use of &.,\~tincj infrastructure facilities and proper management of valuable urban property of t h e GovernmentY.