Amendment status not verified — confirm the current text below against the official source.
Landholder liable to pay compensation.--The GO\·ern• ment shall be entitled to collect fJ om each landholder and each landholder shall be liable to pay to the Guvc1 nmcnt an amount calculated at twelve times the annual Thiruppuva1am payable by !11m to the Thu uppuholde1 immediately l>cforc the appointed day towards com- pensation for the extmgu1shment of hi~ liabiiJty to pay Tlllruppuvaiam. :W. Compensation recoverable in twelve instalments.-- ( 1) The landholder shall be liable to pay to Lhe Government the 105 compcmation due from him under section I q in twelve equal half- yt:arly instalments, the first Instalment commcncmg from such dJte a~ the Government may specify by notification in the Gazette. (2) If any instalment of the compensation payable under ~ub· '><.:chon (I) i<> not paid on the due date, the amount of such Instalment '>hall beai intetest at the rate of five pet centum per annum from that date till the date of payment of that instalment. (3) Nothing contamcd m sub-section (I) ~hall be deemed to preclude a landholder from paymg at any time a larget sum than the <.~mou11t of an mstalment or from paymg two or more m~talments together 01 from paymg the whole amo•·nt due m one mstalment. (4) If any ~urn in ex< c'' of the amount of any msralment ts paid by the landholder, it shall be credited towards the ~uccecdmg mstal- ment or tn'>talmenb. (5) Where a landholder pays the entite amount due m a lump sum on the date on which the first mstalment is payable, he shall be allO\\ed a rebate of twenty-five percentum of the amount so p.-!td.