1962: KAR. ACT 10] Land Reforms
91
1
[(4) Notwithstanding anything in sub-section (3), on or after 1st March
1984, the balance and interest thereon payable in accordance with the said
sub-section shall, in lieu of the bonds specified therein, be paid in the
following manner, namely:—
(a) The interest accrued at the rate of five and a half per cent per
annum till 1st March, 1984 remaining unpaid shall be paid in five
consecutive annual, as far as may be, equal instalments commencing from
1st March, 1984 in National Savings Certificates;
(b) the whole or, as the case may be, part of the balance specified in
sub-section (1), payable before 1st March, 1984 remaining unpaid shall be
paid in five consecutive annual, as far as may be, equal instalments
commencing from the said date in National Savings Certificates.
(c) the whole or, as the case may be, part of the said balance payable
on or after 1st March, 1984 shall be paid in ten consecutive annual, as far
as may be, equal instalments commencing from the said date in National
Savings Certificates:
Provided that along with each of the instalments referred to in items (b)
and (c), the interest thereon from 1st March, 1984 at the rate of five and a
half per cent per annum upto the date of payment thereof shall also be paid
in National Savings Certificates.]1
1. Inserted by Act 35 of 1985 w.e.f. 27.9.1985.
74. Prohibition of alienation of holding.—
1
[On and from the date of
commencement of the Amendment Act]
1
, no person owning land in excess
of the ceiling limit specified in section 63 or 64 shall alienate his holding or
any part thereof by way of sale, gift, exchange or otherwise until he has
furnished a declaration under section 66 and the extent of land, if any, to be
surrendered in respect of that holding has been determined
2
[x x x]
2
and an
order has been passed
2
[x x x]
2
under section 67, and any alienation made
in contravention of this section shall be null and void.
1. Substituted by Act 1 of 1974 w.e.f. 1.3.1974.
2. Omitted by Act 3 of 1982 w.e.f. 1.3.1974.
75. Excess land not to be surrendered in certain cases.—Where a
person either by himself or, if he has a family, or is a member of a joint
family, together with any other member of the family, or joint family, holds
land not exceeding the ceiling limit referred to in section 63 or 64, but
subsequently the land held exceeds the ceiling limit, due to any change in
the classification of the land consequent upon any improvements effected in