The use of the land, space (horizontal and vertical), site, building, asset, utility, surface or hoarding shall be put to re-auction upon the expiry of the allotment period.

Assignment of permission..— (1) No Agency for hoarding shall lend, transfer or assign the permission granted to it under Section 11 to any other registered Agency for hoarding, without the prior written permission from the Competent Authority. The Competent Authority may grant permission upon payment of such fees as may be prescribed.

1. (2) Any Agency for hoarding which lends transfers or assigns the permission granted to it in contravention of sub-section (1) of Section 11 shall be liable for punishment under section 21.