The Meghalaya Ropeway Act, 2022 (Act No. 14 of 2022)
Section 31. Cessation of powers given by licence under Section 30.
(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.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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