(1) On the determination of the purchase price by the Mamlatdar under section (18C, the tenant shall deposit the purchase price with the Mamlatdar the manner provided in this section.
28 The words [fail to appear or] omitted by the Goa, Daman & Diu Agricultural Tenancy (Amendment) Act, 1993.
29 The words [an amount equivalent to fifteen times the net average annual income of the land for the three years immediately preceding the tillers’ day or] omitted by the Goa, Daman & Diu Agricultural Tenancy (Amendment) Act, 1993.
30 The words [whichever is lower] omitted by the Goa, Daman & Diu Agricultural Tenancy (Amendment) Act, 1993.
31 Sub-section (2) omitted by the Goa, Daman & Diu Agricultural Tenancy (Amendment) Act, 1993.
Manual of Goa Laws (Vol. I) – 265 – Agricultural Tenancy Act & Rules
(2) The tenant shall have the option to deposit the purchase price either in lumpsum or in ten equal annual instalments.
(3) The first instalment of the purchase price or where the purchase price is payable in a lumpsum under sub-section (2), the lumpsum, shall be paid by the tenant within a period of six months from the date of passing of the order of the Mamlatdar under section
18C.
(4) The second or subsequent instalments of the purchase price shall be paid within a period of one year from the date on which the previous instalment was due.
(5) Where the lumpsum payment or any installment of the purchase price has not been deposited on the due date, the amount in default shall carry interest at the rate of six per cent per annum.