In Section 37 of the Principal Act, in sub-section (1), the words "within five years of such development" shall be omitted.

Amendment of Section 50 12. In Section 50 of the Principal Act,

1. (i) in sub-section (1), for full stop, the colon shall be substituted and thereafter the following proviso shall be added, namely :, " Provided that no such declaration of intent shall be made without prior approval of the State Government.";
2. (ii) in sub-section (4),

1. (a) for the word "or", the word "and" shall be substituted;
2. (b) for the existing proviso, the following proviso shall be substituted, namely :, " Provided that the final publication of such draft scheme shall be notified after the layout proposed therein has been approved by the Director. Such final publication shall be notified not later than one year from the date of publication of the draft scheme failing which the draft scheme shall be deemed to have lapsed.";
   • (iii) for sub-section (5), the following sub-section shall be substituted, namely:, "(5) Notwithstanding anything contained in sub-section (4), the Town and Country Development Authority shall constitute a committee consisting of the Chief Executive Officer of the said Authority, an officer nominated by the Director, Chief Executive Officer or his nominee of such urban local body within whose jurisdiction the town development scheme is situated and Chief Executive Officer or his nominee of the Zila Panchayat in case the scheme lies wholly or partly in his jurisdiction.".