Substitution of Section 49

For Section 49 of the Principal Act, the following shall be substituted and shall be deemed to have been substituted with effect from 1st day of November, 2000, namely:- "49. Preparation and contents of a town Development scheme.- (1) Subject to the provisions of this Act or any other law for the time being in force, the Town and Country Development Authority may make one or more town development scheme for the area as may be specified, and the directions issued by a general or specific order by the State Government, from time to time, if any. (2) A town development scheme may be made in accordance with the provisions of this Act in respect of any land which is,- (i) in the course of development; (ii) likely to be used for residential or commercial or industrial or for building purposes; or (iii) already built upon. Explanation.- For the purpose of this sub-section the expression "land likely to be used for building purposes" shall include any land likely to be used as, or for the purpose of providing open spaces, roads, streets, parks, pleasure or recreation grounds, parking spaces or for the purpose of executing any work upon or under the land incidental to a town development scheme, whether in the nature of a building work or not. (3) A town Development scheme may make provision for any of the following matters, namely:- (a) the laying out or relaying out of land, either vacant or already built upon;