Amendment status not verified — confirm the current text below against the official source.
(1) Whenever the Commissioner is unable to acquire any immovable property under the last preceding section by agreement, the Government may, in their discretion, upon the application of the Commissioner, made with the approval of the Standing Committee and subject to the other provisions of this Act, order proceedings to be taken for acquiring the same on behalf of the Corporation, 221[in accordance with the provisions of the 222Land Acquistion Act, 1894 as amended from time to time as if such property were land needed for a public purpose within the meaning of the provisions of the said Act.] (2) The amount of compensation awarded and all other charges incurred in the acquisition of any such property shall, subject to all other provisions of this Act, be forthwith paid by the Commissioner and thereupon the said property shall vest in the Corporation. Disposal of Property.