Amendment status not verified — confirm the current text below against the official source.
pi&erty shall be revised by re-determining such payment 2 3 f in the manner and in accordance with the principles set i - l -- - p. u -- -- - 1 Sub-sections (2-A) end (243) were inserted by section 4 (b of the Tamil Nadu Re'qtiisitic. nirig and Acquisitiolr of Immovable 4 row '. perty (Amentlment) Act, 1977 (Resident's Act 6 cif 1977). - Remove Watermark Wondershare PDFelement 676 &eguisiti~aing urtd AcquWtiuji 11356~ a I & * A.,.;. F.J .Act XILU oflmmovab!e Property. (4 nothing in the Arbitration Actct, 1940 (Central x of'l~n)),shall apply to ar bitratious under this section. (2). '[The amount of compensation payable for the requisitioning of any property shall, subject to t h ~ provi- sions of sub-sections (2-A) and (2-B), consist of+ (a) a reourr;ns payment, in respect of the period of requisition,of a sum cqualto the rent which would have been \payable for the use and occupatiou of tlic property, if it had been taken on lease for that period: Provided thdt such rent sfiall, in the case of premises, be the fair rent payable for the premises under the provi- sions of the 2[Tamil Nadu Buildings (Lease and Rent . Control) Act, 1960 (Tamil Nadu Act 18 of 196011 and in the case of cultivable land, be the fair rent for such land payable under the provisions of the 3rjTamil Nadu] mlti- vating Tenants (Payment of Fair Rent) k~ct, 1956 (S(Tami1 . Nadu] Act WLIV of 1956) ; and (b) such sum or sums, if any, as may be found necessary to compensate the person interested for all or,:. any of the folk wing matters, namely :- (i) pecuniary loss due to requisitioning ; (ii) expenses on account of vacating the req& . sitioned premises ; - (iii) expenses on account of reoccupyiqg the premises upon release from requisition ; and , . . (iv) damages (other than normal wear and tear) caused to the property during the period 01 requisition, inclyding -the 'expenses that , m a y have to be incurred for , restoring the property to the condition in which it was at the dme of requisition. -- _I."_ 1 These words, brackets, figures and letters were substi-' . tuted for the words' "The amount of compensation payable for the requisitioning of PrOpertY shall Consist of-" by section 4 (a) (i) of the pami? Nadu Kequi~ition ing and Acquisition of ~ m - . - movable Property (~alendment) r&t, Y 97'7 (I)rcsident6s A C ~ 6 of" .1977). 8 These words, brackets and figures were su bstituted fir the words brackets and Cures '' Til~nil Nadu Build (L3a ;C 3 ~ d Rent &ntrol) Act, 1949 (Tamil Wddu Act XXV cf 194%" by sccti(~n 4 (Ir) aj of the Tamil Nadu Re~uisitio~ung ard? Acquisition ctf [mmtjyabie pedy (Amendment) Act, 1577 (Predd:itiSs Act 6 of 1977). 4 8 These words were sobstitut.< ., . i wo~.cl $6 hfndras '* by the Tamil Nadu Adaylar:~ll of Laws O~dci, 1909, as a~nended by the- - Tamil Nadu Ada~tclti jn cf Laws (secoiai Ana~jidmcnt) Qr&l; 1969. . Remove Watermark Wondershare PDFelement