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Section 5

The Punjab New Townships (Street Lighting and water Supply) Act, 1950Union territory Act of Chandigarh · Act 9 of 1950

(1) The fee shall be paid before the Sth of the month t% whli)ghtilzerepl:{:sh ?)?:e}-f ?tn r(;t Hoseofpryment lates to any period beforc the coming into force of this Act within three months of the notice of demand and in not more than three instalments and shall be deposited in the Treasury or in such other Scheduled Bank as may be specified by the controlling authority from time to time.

(2) A purchaser may at his option deposit the fee for the next six months in advance along with the half yearly instalment towards Fayment of the cost of the house purchased by him, if due.

(3) An intimation of the payment having been made shall be given by the purchaser to the controlling authority or such other person as may be appointed in this behalf by the controlling authority.

(4) If the fee is not paid on the due date under subsection (J) , interest at a rate not exceeding 6 per cent per annum may be chargeable on the amount due till it is fully paid.

6. In case of default all arrears of the fee payable to Procedurcin case of the ![Central Government] under the Act including interest chargeable thereon and costs, if any, incurred may be realised as arrears of land revenue.

of decision

Where this provision sits

ActThe Punjab New Townships (Street Lighting and water Supply) Act, 1950
Section5
JurisdictionUnion territory of Chandigarh
StatusIn force as published by the source

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