Power to grant licence to promoters

(1) The Authority may grant a licence to a promoter- national or international, to undertake or carry out a development work in its area of jurisdiction, on such terms and conditions as may be mutually agreed upon after following such procedure and on payment of such license fee as may be prescribed:

Provided that prior permission of the Government shall be required for granting license to an international promoter.

(2) Before granting such license under sub-section (1), the Authority shall ensure that development charges as leviable under this Act have been paid or that no development charges are leviable under this Act.