Amendment status not verified — confirm the current text below against the official source.
( 1 ) The Mandal shall in accordance with regulations made in that behalf- ( a ) out of lands set apart or purchased for the benefit of landless persons under section 24 lease any land to any landless person or group of landless persons 1 [who have filed declarations undertaking to join the Gramdan community under sub-section ( 3 ) of section 5] (preferably to a co-operative farming society of such landless persons registered or deemed to be registered under the Maharashtra Co-operative Societies Act, 1960 (Mah. XXIV of 1961)) for personal cultivation, (b) lease the remaining lands to their former owners. ( 2 ) any person aggrieved by any proposed lease under this section may make an application to the Gram Mandal to that effect ; and the Mandal shall, on receipt of such application, refer the matter for arbitration to an Arbitration Board constituted under sub-section ( 3 ). ( 3 ) The Arbitration Board shall consist of three persons one to be nominated by each party, and the third to be appointed jointly by the Applicant and the Mandal ; and if there is disagreement as regards the appointment of the third arbitrator, then, he shall be appointed by the Collector. ( 4 ) The Arbitration Board shall regulate its own procedure. ( 5 ) The decision of the Arbitration Board shall be final and binding on the parties.