Substitution of Section 63

For section 63 of the Principal Act, 1994, the following shall be substituted, namely:-

"63. Mode of transfer of immovable property. Notwithstanding anything contained in this Act, a Municipal Council or Nagar Panchayat, as the case may be, shall have the power to lease or allot its immovable property after passing a resolution thereof by majority of not less than 2/3rd (two-thirds) of the members present and with the prior approval of the Government subject to the following conditions as may be prescribed,- (i) obtain necessary clearance from the concerned Department/Irrigation & Flood Control Department, concerned Deputy Commissioner and Manipur Pollution Control Board; (ii) determine the market rate of land in consultation with the Deputy Commissioner concerned; (iii) invite objections from public on the proposed sale or lease or grant of licence or allotment of such immovable property by publishing in not less than 3 (three) leading local dailies by giving a period not less than thirty days to file objections from the date of publication of such notice. (2) The Municipal Council or Nagar Panchayat shall, as the case may be, submit the resolution along with the relevant documents for obtaining prior approval of the Government as required under sub-section (1). (3) On receipt of the resolution, the Government shall examine the matter and take a decision thereof. (4) The Municipal Council or Nagar Panchayat shall, as the case may be, on receipt of the approval of the Government invite applications from interested parties for such sale or lease or grant of licence or allotment of immovable property, as the case may be by publishing a notification in at least three widely circulated local dailies by giving a period not less than twenty-one days to submit such applications and such property shall be sold, transferred or allotted through lottery to be held in the presence of the applicants and the public on a specified date, time and place. The notice for the lottery shall be published in three widely circulated local dailies for two days. (5) The term of lease granted under this section shall in no case exceed a period of three years. (6) No term of lease granted under this section shall be extended except by way of fresh lease.

Explanation: The word "immovable property" means land, plot or building."