Amendment status not verified — confirm the current text below against the official source.
(1) On receipt of an application under section ip 22, the prescribed authority after satisfying itself that the for acquisition applicant is entitled to acquire proprietary rights in any Sights reprietary land under this Chapter shall determine the compensation payable in respect thereof in accordance with the principles set out in section 26. _ Provided that the prescribed authority may, on suffi- cient cause being shown, extend the period specified in this sub-section, so however that the aggregate period does not exceed one mont (3) Where the first instalment of compensation has been deposited in accordance with the provisions of sub- section (2), the prescribed authority shall issue to the Tenant abandon intention acquire prietary may his to pro- rights. EE — 136 TENANCY AND AGRICULTURAL [1955 : Pepsu Act i3 LANDS applicant a certificate in the prescribed form declaring him to be the landowner in respect of the land specified in the certificate. (4) On and from the date of the issue of a certificate under sub-section (3), the proprietary rights of the land- owner in the land specified in the certificate shall be deem- ed to have been extinguished and such proprietary rights shall vest in the applicant free from all encumbrances and as from such date the applicant shall cease to be liable to pay any rent in respect of such land to the landowner: Provided that— (a) the amount of compensation payable by the applicant shall be a first charge on such land; (b) the amount of any encumbrance existing on such land on the date of the issue of the certifi- cate shall be valid charge on the amount of compensation payable by the applicant under this Act. | (5) Every certificate issued under sub-section (3) shall be conclusive evidence of the acquisition by the applicant of proprietary rights in the land specified therein and notwithstanding anything contained in the Indian Registration Act, 1908 (XVI of 1908), no such certificate shall be required to be registered under that Act.