Noida, Jan 31 (PTI) A fine of Rs 10 lakh would be imposed on any private company using the logo of the Greater Noida Industrial Development Authority (GNIDA) without permission for personal promotion, officials said on Monday.

The GNIDA said it will also cancel the land lease deed of any such companies which are found using its logo without permission in order to gain trust of investors.

Also Read | India Set to Achieve $400 Billion Merchandise Export Target in 2021-22, Says Economic Survey.

"Some companies in Greater Noida are trying to use GNIDA's logo in their publicity to win the trust of investors, while the GNIDA is not directly related to their projects. On the instructions of GNIDA CEO Narendra Bhooshan, it has been decided that a fine of Rs 10 lakh would be imposed on such offender," it said in a statement.

"If the mistake is repeated, the approved map of the allotted plot of the company will also be cancelled. Action will also be taken to cancel its lease deed," the GNIDA said.

Also Read | Hindustani Bhau, YouTuber, Asked Students to Assemble Near Minister Varsha Gaikwad’s Residence in Dharavi for Protest, to Face Action, Says Police.

GNIDA's officer on special duty (builder cell) Santosh Kumar has cautioned the investors to seek complete information about any project before pumping their hard-earned money into it in order to avoid any trouble in future.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)