Section Text
In section 32 of the principal Act,--
(I) in sub-section (2),--
(a) for clause (j), the following clause, shall be substituted, namely:--
"(j) to sanction lease of any immovable property of a waqf in accordance with the provisions of this Act and the rules made thereunder:
Provided that no such sanction shall be given unless a majority of not less than two-thirds of the members of the Board present cast their vote in favour of such transaction:
Provided further that where no such sanction is given by the Board, the reasons for doing so shall be recorded in writing.";
(b) after clause (n), the following clause shall be inserted, namely:--
"(na) to determine or cause to be determined, in such manner as may be specified by the Board, market rent of the waqf land or building;";
(II) in sub-section (4), for the words "offers a feasible potential for development as a shopping centre", the words "has the potential for development as an educational institution, shopping centre, market, housing or residential flats and the like" shall be substituted;
(III) in sub-section (5), the words "with the prior approval of the Government," shall be omitted.