Amendment status not verified — confirm the current text below against the official source.
Amount of compensation to be paid.-(l) Government shall pay to every Jenmi other than a religious or charitable institution of a public nature whose right to receive payment of Jenmikaram has been extin- guished, compensation according to the ~cales specified m the Schedule. In computing the compensation payable, 2~ per centum shall be deduc- ted from the Jenmikaram for collection charges and the balance alone shall be multiplied as provided for in the Schedule. The amount of compensation determined according to the scale specified above shall be deemed to have accrued due from the appointed day and interest there- on shall be payable at the rate of 4 per cen~um per annum from the appointed day till the date of payment of compensation in case the amount of compensation is paid in cash or till the date of redemption of the bonds, if compensation is p3.id in Government bonds. (2) Where the jenmi whose right to receive payment of jenmi- karam has been extinguished is, at the commencement of this Act, a religious or charitable institution of a pubhc nature, Government shall, by way of compensation, pay to the institution every year an amount equal to the balance arrived at after deducting from the jenmikaram which such institution was entitled to receive immediately before the commencement of this Act, two and a half pe,r cent of such jenmikaram towards collection charges. (3) If any question arises as to whether an institution is a religious or charaitable institution of a public nature 1t shall be deCided by such authority as may be prescribed.