Volume 1
SIPCOT Projects Department Volume 1 is an index of circulars and office orders concerning land and plots in SIPCOT Industrial Parks, with separate page ranges also identified for the Finance Department and F&R Department. It is not a single order and the supplied text gives it no overall order number or date, but it lists individual instruments dated from 31 July 2019 to 20 December 2024 covering allotment, payments, lease deeds, transfers, management changes and project implementation.
What the document contains
SIPCOT Projects Department Volume 1 is a reference index rather than a single land allotment or lease document. The index assigns pages 1 to 208 to the Projects Department, pages 209 to 320 to the Finance Department and pages 321 to 324 to the F&R Department. The supplied pages identify Projects Department circulars and office orders, but do not reproduce their complete provisions.
Land allotment matters
The SIPCOT Projects Department entries cover several stages of industrial plot allotment:
- Circular 55/2021 dated 6 May 2021 sets a timeline for allotment based on the Allotment Committee's decision.
- Circular 22/2023 dated 22 June 2023 gives instructions for uploading vacant plots and layouts to the GIS portal or online portal.
- Office Order 30/2021 dated 30 March 2021 concerns revision of the initial deposit.
- Office Order 05/2023 dated 30 January 2023 adopts revised evaluation criteria when more than one application is received for the same plot.
- Office Order 12/2024 dated 10 June 2024 concerns additional time for payment of plot cost.
Transfers and management changes
The SIPCOT Projects Department index includes policies and procedures affecting existing leaseholders, closed units, purchasers and incoming businesses. Listed subjects include:
- Transfer of leasehold rights for the balance lease period.
- Approval procedures for transfers to a transferee unit.
- Implementation periods for a new incumbent or transferee.
- Transfer fees involving closed units and public limited companies.
- Transfers to auction purchasers of Asset Reconstruction Companies, banks or other entities.
- Approval for a change in management.
- Execution of a modified lease deed after a management change or transfer.
Lease deeds and payment timing
The SIPCOT Projects Department entries also address uniform formats for lease deeds, surrender deeds and transfer of possession. Circular 59/2021 dated 15 May 2021 concerns discrepancies in registered lease deeds and approval of a draft lease deed. Circular 23/2024 dated 10 June 2024 concerns proposed clause changes and revised allotment order and lease deed drafts.
Office Order 11/2022 dated 5 May 2022 concerns penalties for delayed lease deed execution. Office Order 21/2022 dated 8 July 2022 records a maximum penalty cap of 5 percent of the prevailing plot cost for executing a modified lease deed beyond the stipulated time.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does Volume 1 itself allot a SIPCOT industrial plot to me?
No. SIPCOT Projects Department Volume 1 is an index listing circulars and office orders on plot allotment and related matters. The supplied text does not contain an individual allotment.
What happens if more than one business applies for the same SIPCOT plot?
Office Order 05/2023 dated 30 January 2023 records a policy decision adopting revised evaluation criteria where more than one application is received for the same plot. The supplied index does not state the detailed criteria.
Does the index cover transfer of SIPCOT leasehold rights?
Yes. SIPCOT Projects Department entries cover transfer procedures, closed units, transferee implementation periods, transfer fees, auction purchasers and modified lease deeds.
Can delayed execution of a modified lease deed attract a penalty?
Yes. Office Order 21/2022 dated 8 July 2022 concerns execution beyond the stipulated time and states a maximum penalty cap of 5 percent of the prevailing plot cost.
