Amendment status not verified — confirm the current text below against the official source.
Landholder,s right to asstgnment.-( I) 'fhe landholder of any holdillh or pnrt of a holding, the right, title and interest in rc~pect of which have vc~tcd in the GovcJnment under section 3, shall be entitl< d to a~signment of such right, title and 1nterest : Provided that- (a) no landholder shall be entitled to assignntent of the right, titJu and interest in respect of any holding or part of a holding under th1s scctiuu if he, or if he is a member of a family, such family, O\vns or holds an extent of Jand not less than the ceiling area; (h) where the land holder or if he is a ntcn1ber of a famiJy, such family owns or holtJs an extent of land whieh is lc~' than the ceiling area, he shall be entitled to the assignment ot the rjght, title and inteJ est ju respect of only such extent of land as will, together with the land owned o1 held by him or his family, as the case may be, be equal to the ceiling area. J~xplanation - li'or the purpose~ of thi~ sub-section, the cxp1·ession "to hold" shall have the same meaning as in the J<.crala Land 1teforms Ac1, 1963 ( 1 of 1964) . (2) Any land holder entitled to a'isignmcnt of the right, title aaul interest in respect of a holding or part of a holding unde1 subsection ( 1) tnny, within such period as 1nay ue pr cscribcd, apply to the Settlcrncuf Otlicer withtn \Vhose jurisdiction such holding or pat t Js SJtu,ltc foJ assigu- mcnt to him of ~uch holding or part, as the ca~e may be. ~, 10i (3) ,\n npplicatJon under subscrti•)n (2) shaH contain the follo\ving pn rticulars, naJncly:- (a) tht village, survey numbc1 a1Jd cxleut of the holding or part to \Vhich the assignment relates; (b) the names and addresses of the landowner and other persons interested in the land and the nature of their interest so far as they are CJ known to him; (c) the particulars regarding other lands owned or held by hiln or if he is a member of a family, such fam1ly; and j .. c c (d) such other particulars as may be prescribed. (4) Where a landholder is entitled to the Elssignmf'nt of the dght, title nnd intertst of only a portion of h1s hold1ng, he may indicate in the npplication ·under subsection (2), his (choice of the portion to which the nsc;ignntent shall relate. G. l'urcht.JJt price.-(1) The landho1dcr shnll be liable to pay pu1 chase price to the Government for the assignment to him of the right, title and interest of the landowner. (2) The purchase price refc..rrcd to in sub-section ( l) shall be eight hundred and forty rupees per acre to be paid in sixteen equal annual instnlments~ Provided that if the amount is paid in one lump, the purchase price shall be seventy-five per cent of the said amount, (3) Where the purchase price payable by the landholder is determined under section 7, he shall deposit with the Settlement Officer.- , (a) where the purchase price is opt(•d to be paid in a lump, the entire amuunt due within six month!; or (b) \Vhcre the purchase p1 ice is opted to be paid in instalments, the first instalment thereof within three month~, from the date on which tne order of £the Settlement Officer under section 7 hns brcome final. ( 4) Where the purchase price is paid in instalments, the second and C anb~equcnt instalments shall be depo~&ted wtth the Settlement O!hcer within such ttme and 1n such n1anncr as may be prcscrlbcd. (5) Where the purchase pr1cc ot any 1nstahnent thereof is not deposited • 4.ttl the due d(.ttc, the amount 1n default shall bear interest at the rate of four · ('; "nd a half pet cent per annum f1om that date till the date of dep(,~it .