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Section 25

The Gujarat Agricultural Land Ceiling Act-1960State Act of Gujarat · Act 27 of 1960

(1) The amount of the compensation payable under this Act shall be payable in cash, or in transferable bonds as provided in sub-section (2) or partly in cash and partly in such transferable bonds, according as the State Government may think fit.

(2) Where any amount of compensation is to be paid in transferable bonds, such bonds shall carry interest at the rate of four and half percent per annum from the date of their issue and shall be repayable, during such period not exc- eeding twenty years from the date of their issue as may be prescribed, by equa- ted annual instalments of principal and interest.

(3) The bonds shall be of such denomination and shall be in such forms as may be prescribed.

Where this provision sits

ActThe Gujarat Agricultural Land Ceiling Act-1960
Section25
JurisdictionState of Gujarat
StatusIn force as published by the source

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