Act 2013 - Department of Land Resources

Sec. 2lTHE GAZETTE OF INDIA EXTRAORDINARY29the compensation in the Aulhority to which a reference under section 64 would besubmitted:Provided that any person admitted to be interested may receive such payment underprotest as to the sufficiency ofthe amount:Provided further that no person who has received the amount otherwise than underprotest shall be entitled to make any application under sub-section (,/) ofsection 64:Provided also that nothing herein contained shall affect the liability of any person,who may receive the whole or any part ofany compensation awarded under this Act, to paythe same to the person lawfully entitled thereto.?8. (/) If any money is deposited in the Authority concemed under sub-section (2)of section 7'1 and il appears that the land in respect whereof the same was awardedbelonged to any person who had no power to alienate the same, the Authority concernedshall-(a) order the money to be invested in the purchasc of other lands to be heldunder the like title and conditions ofownership as the land in respect ofwhich suchmoney shall have been deposited wes held; or(b) ifsuch purchase cannot be effected forthwith, then in such Government ofother approved securities as the Authority concerned shall think fit,lnvestm€nt ofmoneydeposited inrespecl oflandsbelonging topersonincompetentto alienate.and shall direct the payment ofthe interest or other proceeds arising from such investmentto the person or persons who would for thc time being have b€en entitled to the possessionofthe said land, and such moneys shall remain so deposited and invested until the same beapplied-(i) in the purchase ofsuch other lands as aforesaid; or(ii) in payment to any person or persons becoming absolutely entitled thereto.(2) In all cases ofmoney deposited to which this section applies the Aulhority concemedshall order the costs of the following matlers, including therein all reasonable charge andexpenses incident thereon, to be paid by the Collector, namely:-(a) the costs of such investments as aforesaid;(b) the costs ofthe orders for the payment of the interest or other proceeds ofthe securities upon which such moneys are for the rime being invested, and for thepayment out ofthe Authority concemed ofthe principal ofsuch moneys, and ofallproceedings relating thereto, except such as may be occasioned by litigation betweenadverse claimants.79. When any money shall have been deposited in the Authority concemed under thisAct for any cause other than the causes mentioned in section 78, the Authority may, on theapplication ofany party interested or claiming an interest in such money, order the same tobe invested in such Government or other approved securities as it may think proper, and paidin such manner as it may consider will give the parties intercsted therein the same benefitfrom it as they might have had from the land in respect whereofsuch money shall have beendeposited or as near thereto as may be.80. When the amount of such compensation is not paid or deposited on or beforetaking possession of the land, the Collector shall pay the amount awarded with interestthereon at the rate ofnine per cent. per annum fiom the time ofso tqking possession until itshall have been so paid or deposited:Investment ofmon cydeposited inother cases.Iralnrcnl ofintorcst.Provided that ifsuch compensation or any pan thereofis nol paid or deposited withina period ofone year from the date on which possession is taken, interest at the rcte offifteenper cent. per annum shall be payable ffom the dale or expiry ofthe said period ofone year onthe amount ofcompensation or part thereofwhich has not been paid or deposited before thedate ofsuch expiry.