Amendment status not verified — confirm the current text below against the official source.
Tenant: to pit} campenmlwn far right! varied in tfiem.—( l) In conSi- deration of the rights vested in a tenant under section 5, the tenant shall be liable to pay— (i) to the Government—~— (a) in such manner as may be prescribed an amount which shall be equal to nine times the annual rent on the lands comprised in the holding where such lands are lands adapted for the cultivation of paddy, or five times the annual rent on the lands comprised in the holding where such lands are not lands adapted for the cultivation of paddy; and (h) the basic tax in respect of the lands comprised in his hold- ing from the first day of April, 1959, up to the commence» men: of this Act, and (ii) [0 the panchayat the cess‘in respect of the lands comprised in his holding from the first day of April, 1959, up to the commencement of this Act. 470 (2) Where the annual rent on any land comprised in a holding is fixed in paddy, such annual rent shall, for the purposes of this section, be computed in money at the rate of one r'upce and fifty naye parse per para of paddy. (3) The amount payable under sub—clause (a) of clause (i) of sub- section (1) shall bear interest at the rate oft} per cent per annum from the date of the commencement ol'this Act. The amount shalll be paid in twelve equal half-yearly instalments together with interest accrued due on the amount outstanding on the date of payment ol‘ each instal- ment. . Provided that it shall be open to the tenant to pay such amount in a lump, Without any interest, wrthin a period of one year from the corn- mencement of this Act.