Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the provisions of sub-section (2), no occupier on transfer shall transfer any land or part thereof vested in him under section 4. by occu- pier. (2) An occupier may transfer his land or part thereof by simple mortgage in favour of a scheduled bank, a co-operative land mortgage bank or a corporation, owned or controlled by the Central or the State Government or by both, or any other authority notified by the State Government in this behalf, for the development of such land.