Amendment status not verified — confirm the current text below against the official source.
Jenmikaram to be abolished.-(1) Notwtthstanding anything contamed m any law or m any contract. wtth effect on and from the appomted day, the Jenmt shall not have the nght to receive payment of jenmtkaram and the kanam tenant shall have no ltabthty to pay any Jenmtkaram to the jenmt, and the nght to rccetve payment of. and the habihty to pay, Jenmtkaram shall stand extmguished. 73 (2) Every jenmt whose nght to receive payment of jenmikaram has been extmguished under sub-section (1) shall be entitled to receive and be paid by the Government the amount or annmty specified m sectiOn 4. 4 Amount payable for extinguishment of right to receive jenmikaram.-(1) The Government shall pay to every jenmi, other than a rehgwus or chantable insbtuhon of a pubhc nature, whose nght to recetve payment of jenm1karam has been extmgmshed, an amount equal to eight and one-third times the aggregate of the annual amount of Jenmikaram payable to him Immediately before the appomted day, after deductmg a sum equal to five per centum of the said aggregate on account of collection charges (2) The amount payable under sub-section (1) shall be deemed to have accrued due from the appointed day and mterest thereon shall be payable at the rate of four and a half per centum per annum from the appomted day till the date of payment of the amount, m case the amount 1s paid m cash or till the date of redemption of the bonds, If the amount is paid m Government bonds (3) Where the Jemm whose right to receive payment of jenm1karam has been extmgmshed IS, at lhe commencement of this Act, a rehgwus or chantable insbtutwn of a public natue, the Government shall pay to the institution every year an amount equal to the balance arnved at after deducting from the Jemnikaram which such mstitutwn was entitled to receive Immediately before the appomted day, five per centum of such jenmik:tram towal'd<o collectiOn chargee; Explanatwn.-If any question anses as to whether an mst!tut1on IS a rehgwus or chantable mshtuhon of a public nature, 1t shall be decided by the Government after such mqmry as they deem fit, and their decision thereon shall be final (4) Notwithstandmg anythmg contained m this section, if jenmikaram has been received by or on behalf of any jenm1 for any period commencmg on the appomted day, 1t shall be deducted from and adjusted agamst the amount payable under sub-section (1) or sub-sectiOn (3), as the case may be 3/97-6a I I 74