Amendment status not verified — confirm the current text below against the official source.
Power to make rules STATEMENT OF OBJECTS AND REASONS Act 24 of 2012.- In the districts of Dakshnina Kannada and Udupi, some types of mulageni leases in respect of non-agricultural lands mainly house sites are prevailing for various reasons. The mulgar's or intermediary's right to recover possession being a remote possibility, the only right available is to receive annual rent. Mulgenidars or volamulgenidars have already invested considerable amount by putting up structures, and improvements to the property either residential or commercial, but are unable to enjoy the holding, to its full extent, on account of reluctance of mulgar or intermediary to give consent for putting up structures or alienation of interest of mulgenidars or volamulgenidars. Therefore, the prevailing system of mulgeni lease is neither advantageous to mulgenidars or volamulagendiars, nor really beneficial to mulgars or intermediary. Therefore, in public interest, it is proposed to provide for conferment of ownership on mulgenidars or volamulgenidars and for matters connected therewith or incidental thereto. Hence the Bill. [L.A. Bill No.08 of 2011, File No. Samvyashae 7 Shasana 2011] [entry 18 of List III of the Seventh Schedule to the Constitution of India.] ----- 2 KARNATAKA ACT NO. 24 OF 2012 (First Published in the Karnataka Gazette Extra-ordinary on the Twenty Fifth day of July, 2012) THE KARNATAKA CONFERMENT OF OWNERSHIP ON MULAGENI OR VOLAMULAGENI TENANTS ACT, 2011 (Received the assent of the President on the Thirteenth day of July, 2012) An Act to provide for conferment of ownership on mulagenidars or volamulagenidars and other matters connected therewith or incidental thereto; Whereas some types of mulageni leases in respect of non-agricultural lands mainly house sites are mostly prevailing in Dakshina Kannada and Udupi districts; Whereas, for various reasons the mulgar's or intermediary's right to recover possession being a remote possibility, the only right available is to receive annual rent; Whereas, mulgenidars or volamulgenidars have already invested considerable amount by putting up structures, and improvements to the property either residential or commercial, but are unable to enjoy the holding to its full extent, on account of reluctance of mulgar or intermediary to give consent for putting up structures or alienation of interest of mulgenidars or volamulgenidars; Whereas, the prevailing system of mulgeni lease is neither advantageous to mulgenidars or volamulagendiars nor really beneficial to mulgars or intermediary, but on the other hand differences between the two have given rise to speculative transactions. Whereas, conferment of ownership on mulagenidars or volamulagenidars on their paying certain amount to mulgars or intermediary in respect of conferment of their rights and interests in the holdings will put an end to multiplicity of litigation and eliminate scope for vested interests to indulge in speculative transactions and thus benefit mulgars, intermediary, mulagenidars or volamulgenidars; And whereas, for the purposes hereinbefore stated, it is expedient in the public interest to provide for conferment of ownership on mulgenidars and volamulgenidars and for matters connected therewith or incidental thereto. Be it enacted by the Karnataka State Legislature in the sixty first year of the Republic of India as follows: