Bare ActsKerala Land Reforms Act, 1963

Section 60

Interest on defaulted instalments.--

Amendment status not verified — confirm the current text below against the official source.

If the second or any subsequent instalment of the purchase price is not deposited on the due date, the amount of such instalment shall bear interest at the rate of 4 1/2 Per cent per annum from that date till the date of deposit of that instalment.] Substituted by 35 of 1969, published in K.G.Ext. No. 295 dt. 17/12/1969 (w.e.f. 01/01/1970).

Section 60 – Kerala Land Reforms Act, 1963 | DailyLaw.ai