Notwithstanding anything contained in any law for the time being in force but subject to any contract to the contrary it shall not be lawful for tenant to sub-let or give on licence the whole or any part of the premises let to him, or to assign or transfer in any other manner his interest therein:
Provided that, the State Government may by notification in the Official Gazette, permit in any area the transfer of interest in premises held under such leases or class of leases any premises or class of premises other than those let for business, trade or storage to such extent as may be specified in the notification.