Amendment status not verified — confirm the current text below against the official source.
4[(1)] In preparting the Compensation Assessment Roll for every intermediary referred to in mpensation for clause (a) of sub-section (1) of section 31, the Compensation Officer shall ermediaries rerred to in ction 31(1)(a). ---------------------------------------------------------------------------------------------------------------------------- 1The words within the square brackets were substituted for the words “subject to the payment of such fair and equitable rent as may be agreed upon between the State Government and the intermediary or the lessee, or in default of agreement, as amy be fixed by the Mines Tribunal” by s of the West Bengal Estates Acquisition (Amendment) Act, 1977 (West Ben. Act XXXVI of 1977). 2The words, “in respect of any notified are”. Were omitted by s. 17(1) of the West Bengal Estates Acquisition (Amendment) Act, 1960 (West Ben. Act XVII of 1960). 3Sub-section (2) was omitted by s. 17(2) , ibid. 4Section 32 was re-numbered as sub-section (1) of that section, and after that sub-section, sub-section (2) was added witth retrospective effect by s. 10 of the West Bengal Estates Acquisition (Amendment) Act, 1957 (West Ben. Act IV of 1957). Page. ….41. 45 ( Chapter IV. ----- Mines and Minerals. ----- Section 33.) 1[ calculate the gross annual income] of such intermediary on the probable income out of royalty which might have been derived by the grant of lease of such land based on the opinion of 2[a Mining expert], appointed by the State Government as regards the nature, quantity and the value of the minerals likely to exist in the land and capable of being worked and developed and other matters that may be prescribed. An amount equal to five per centum of 3[such gross income] shall be deemed to be the net income of such land ; and the Compensation Officer shall determine four times such net income as the amount of compensation payable. 4(2) Where such intermediary as aforesaid has estates and interests for which compensation is payable under Chapter III , the Compensation Officer shall calculate the total amount which would have been payable in accordance with the table contained in sub-section (1) of section 17 as if the net income had been the aggregate of the net income calculated in respect of the estates and interests for which compendsation is payable under Chapter III and the net income calculated under this section; the Compensation Officer shall also calculate the total amopunt which would have been payable as compensation if compensation for such estates and interestedly; and the lesser of the two total maounts of compensation so calculated shall be amount of compensation payable. termination of