Grant of lease of manufacture, etc.

Grant of lease of manufacture, etc. (1) The State Government may lease to any individual not below the age of twenty-one years or association of persons or partnership firm or body corporate, on such conditions and for such period as it may deem fit, the right— (i) of manufacturing or of supplying by wholesale, or of both; or (ii) of selling by wholesale or by retail; or (iii) of manufacturing or of supplying by wholesale, or of both and of selling by retail, any excisable article within any specified local area. (2) The Collector shall grant to a lessee under sub-section (1) a license in the term of his lease; and when there is no condition in the lease which prohibits sub-letting may, on the application of the lessee, grant a license to any sub-lessee approved by the Collector.