Bare ActsThe west bengal estates acquisition act, 1953

Section 24

Amendment status not verified — confirm the current text below against the official source.

If any intermediary entitled to receive such compensation in respect of any interest be a person persons incom- incompetent to alienate such interest , the Compensation Officeer shall keep the amount of compensa- ent to aliente. Tion payable for such interest whether in cash or bonds,1[after deducting there from any amount recoverable under section 7,] in deposit with the Collector of the district and such Collector shall arrange to invest the cash and the income from the bonds in the purchase of such Government or other approved securities s such Collector thinks fir and shall direct the payment of the income form such investment to the intermediary who would for the time being have been entitled to hold and enjoy such interest if it had not vested in the State and such bonds and securities shall remain so deposited until they are made over to any person or persons becoming absolutely entitled thereto: Provided that nothing in this section shall affect the right of a 2 * * * limited owner to receive the whole or any part of such compensation in circumstances where such 2 * * * limited owner would be entitled under the law to spend the corpus of the interest : Provided further that nothing herein contained shall affect the liability of any person who may receive the whole or any part of any comopensation made under this Act to pay the same to the person lawfully entitled hereto. ntain restrictions as

Section 24 – The west bengal estates acquisition act, 1953 | DailyLaw.ai