Amendment status not verified — confirm the current text below against the official source.
(J) After the statement has been notified und Cd MR the preceding section, the Collector shall make an ay<"" . ° e e . a apportioning compensation, in the manner heteinafts prescribed, among all the persons known or believed to interested in the land, of whom or of whose claims he a information, whether or not they have appeared before him, | (2) Notwithstanding anything contained in any Other law for the time being in force, the total compensation payable for any land acquired under this Act shall be the difference between— (a) the income of the scheme, which shall include the estimated value of the plots and the ma- terial thereon that remain to besold and the other sources of income from the scheme which remain outstanding ; and (b) the cost of the scheme, as notified in the state- ment under section 12. (3) Subject to the provisions of the Administration of Evacuee Property Act, 1950, or any other law on the yy), Subject for the time being in force, the compensation 19s awarded in respect of the Structures, if any, standing on the land comprised in the scheme shall be payable to the persons known or believed to be interested in those struc- tures according to their respective interests as determined by the Collector under section 11. Explanation.—In computing such compensation, the Col- lector shall assess the market value of the structures at the time of delivery of possession of the land to the Trust and deduct from such value the cost of demolishing them and removing the material from the site. ° (4) The total compensation, less any deductions that may be necessary on account of the amounts, if any, pay- able under sub-section (3), shall be paid to the various persons interested in proportion to the interests held by them as determined by the Collector under section 11(¢): Provided that the amount paid to any person shall Bo be less than the market value of his interest as determine 1951 : Pb. Act X.] DEVELOPMENT OF DAMAGED 27 | ARPAS by the Collector under section I11(d) minus the cost of demolition and removal incurred by the Trust.