(2) As soon as may be, after a notification under sub-section (1), has been made, the State Government shall by a notice in writing, require the Promoter to transfer and handover the undertaking including all land, building, equipment and assets, clearances and permits and documents pertaining thereto to the State Government :
Provided that the notice in sub-section (2) shall set forth the modalities for the handover of the ropeway and the amount of compensation payable to the Promoter in lieu of the takeover of the ropeway by the State Government that may be prescribed as per Rules.
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More sections of this act
Section 1 · Short title Extent and commencementSection 2 · DefinitionsSection 3 · Establishment of Meghalaya Ropeway Development Authority.Section 4 · Declaration of Ropeway Development Area.Section 5 · Constitution of the Authority.Section 6 · Composition of the Authority.Section 7 · Powers and Functions of the Authority.Section 8 · Transaction of Business of the Meghalaya Ropeway Development Authority.India Code, Government of India. Text fetched 14 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.