Bare ActsThe Mumbai Municipal Corporation Act.

Section 495

Improvement expenses by whom payable

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

Improvement expenses by whom payable.— (1) Improvement expenses 2[* * * *] shall be recoverable in instalment of such amount not being less for any premises than twelve rupees per annum, and at such intervals as will suffice to discharge such expenses together with interest thereon at the rate of six per centum per annum within such period not exceeding thirty years as the Commissioner, with the approval of the corporation, may in each case determine. (2) The said instalments shall be payable by the occupier of the premises 3[on which the expenses and interest thereon] are so charged or, in the event of the said premises becoming unoccupied at any time before the expiration of the period fixed for the payment of such expenses or before the same, with interest as aforesaid, are fully paid off, by the owner for the time being of the said premises, so long as the same continue to be unoccupied.

Section 495 – The Mumbai Municipal Corporation Act. | DailyLaw.ai