8.
Conditions under which sanction may be given for transfer
of land.- Where a company for which land has been
acquired under the Act applies for the previous sanction of
the appropriate Government for the transfer of that land or
any part thereof by sale, gift, lease or otherwise, no such
sanction shall be given unless—
(i) the proposed transfer of land along
with dwelling houses, amenities, buildings or work, if any,
is to some other company or where the company is a co-operative
society, such transfer is to any or all of its members, or
(ii) where the land has been acquired for
the erection of the dwelling houses for workmen employed by
the company, the proposed transfer of the land along with
dwelling houses, if any, is to such workmen or their dependent
heirs :
Provided that before giving
any such sanction the appropriate Government shall consult
the Committee. |
