Amendment status not verified — confirm the current text below against the official source.
(i) An Authority shall be competent to make any agreement with any person in respect of any matter which is to be provided for in a scheme subject to the power of the State Government to modify or disallow such agreement and unless it is otherwise expressly provided therein, such agreement shall take effect on or after the day on which the scheme comes into force. (ii) an agreement referred to in sub-section (i) shall not in any way effect the duties of the arbitrator as stated in section 94 or the rights of the third parties but it shall be binding on the parties to the agreement notwithstanding any decision that may be made by the arbitrator. Provided that, if any agreement contains any provisions which are inconsistent with the final scheme as drawn up by the Arbitrator under section 94 such an agreement shall be void. Provided further that if the agreement is modified by the State Government either party shall have the option of avoiding it if it so elects.