Amendment status not verified — confirm the current text below against the official source.
45[(1) Notwithstanding anything to the contrary in any law, usage or contract, and subject to the provisions of sub- section (7), a protected tenant shall at any time after the commencement of the Hyderabad Tenancy and Agricultural Lands (Amendment) Act, 1954, be entitled to purchase the land-holder‘s interest in the land held by the former as a protected tenant. (2) A protected tenant who desires to exercise the right conferred by sub-section (1) shall make an offer to the land- holder stating the price which he is prepared to pay for the land-holder‘s interest in the land up to fifteen times for dry lands or eight times for wet lands irrigated by wells and six times of wet lands irrigated by other sources, of the rent payable by him, and where he is not entitled to purchase the whole of the land, the portion thereof which he is entitled to purchase.] (3) If the land-holder refuses or fails to accept the offer and to execute a sale-deed within three months from the date of the offer, the protected tenant may apply to the Tribunal for the determination of the reasonable price of the land. 45[(4) On receipt of an application under sub-section (3) the Tribunal shall give notice to the applicant and the land- holder and to all persons who appear to the Tribunal to be interested, of the date, time and place, at which the Tribunal will enquire into the application and shall determine the reasonable price of the land-holder‘s interests in the land not exceeding the maximum multiple of rent provided in sub-section (2) in conformity with such rules as may be prescribed: