Amendment status not verified — confirm the current text below against the official source.
Subs. for the original sub-section as amended by sec. 3 of Punjab Act No. 33 of 1959, by Act ibid (90: . 4). Provided that- (a) in the case of a military jagir referred to in the proviso to section 3 the jagirdar shall before the 15th May, 1961 be entitled to claim compensation in lieu of the continuance of the jagir for his life, and where the jagirdar makes such a claim the Jagir shall be deemed to be extinguished and resumed on the date on which such claim is made ; (b) in the case of the resumption and extinguishment of any hereditary parwarish or pension, any amount thereof recieved by the jagir- dar after the 14th November, 1957 shall be deducted in com- puting the amount of compensation payable to him or his successor.] (2) The amount of compensation payable under sub-section (8) shall be paid in cash either in one lump sum or such number of annual instalments not exceeding twenty, as the l[State Government] may prescribe. (3) Where the amount of compensation is to be paid in instalments, interest at the rate of 2 per cent per annum t o be calculated in the prescribed manner shall be payable thereon to the person entitIed to receive the amount.