section 31
Cessation of powers given by licence under Section
The Meghalaya Ropeway Act, 2022General202265 sections16 chapters
Chapter V Chapter V
Statutory text
- (1) If a Promoter authorised by a licence to construct a ropeway does not, within the time specified in the licence:-
- (a) succeed in raising the full amount of capital required for the completion of the ropeway;
- (b) make, in the opinion of the State Government, substantial progress with the construction of the ropeway; or
- (c) complete the construction thereof; the powers given to the Promoter by such licence shall, unless the Licensing Authority extends the time so specified, cease to be exercised.
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