Bare ActsThe Tamil Nadu Land Reforms (Fixation of Ceiling on Land) Act, 1961

Section 55

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

(1) 4[Theamount payable under section SO] payment of as finally dettrmined under this Act shall, within such 'lamou*tI* period as may be prescribed, be paid either in cash or in bonds or partly in cash ;md partly in bonds as .the Government may deem fit. (2) The bonds' shall be issued on such terms and carry such rate of interest as may be prescribed. Tnr interests shall be pa id-. I (i) in the case of any land held b any person referr to in cla use (a) or (b) of sub-section I 5) of section 18 wi effect from the date of the publication of the notific under sub-section-(1) of section 18; and " i ' 1 (ii) in any dther case, with effect fism $$e , . taking possession of the land under subeeotio section 18. - --.-_*--- 1 This word was substituted for the word " cornpensat ion " by section S(viii) (b) (B) of the Tamil Nadu Lnnd Reforms 4 (Fixatiou of Ceilin on Land) Amendment Act, 197% {Tamil Nadu ?$ ~ c t 11 of 1979), &iFh wls deemed to h we come in to force on 3 the 20th April 1972, , 4 4 - -- 1 This word wd< iubstituted for the word " compenaati by section s(viii) (c), ibid. 3 These words wzrz substituted for the word " conipens~ti by section S(ix) (a), ibid. 4 This exprcssio I WAS substitutzd for the exprcssiou '$ Th8. amoilnt of compensation " by seci tea 5(ix) (b), ibid. ' y ' .I. * --^ , $ . --.- - b --*- -. -. G . .. .-, 1- - - a L--*'* 1961 : T; N. Act 581 k ~ d Refzrms 1C45 (Fixation of Ce 3 1 g on Land) CHAPTER VII.

Section 55 – The Tamil Nadu Land Reforms (Fixation of Ceiling on Land) Act, 1961 | DailyLaw.ai