(1) If a town, village or other area is destroyed, wholly or partly, by fire, flood, earth-quake or such other natural calamity and the Government is of the opinion that it is expedient and for the public advantage to control and provide for the future expansion, development or improvement of any such town, village or other area in the [Union territory of Jammu and Kashmir], the Government may declare their intention to frame a scheme and such declaration shall be notified in the [Official Gazette].
(2) The Government may, as soon as may be, after the publication of the notification under sub-section (1), frame and sanction a scheme and notify the sanction in the [Official Gazette].
(3) Such a scheme shall show the method in which the town, village or other area is proposed to be developed or improved.
(4) A notification under sub-section (2) shall be conclusive evidence that the scheme has been duly made and sanctioned.
(5) The scheme shall have effect from the date of the publication of such notification :
Provided that the execution of the scheme or any part thereof may be deferred until such time as may be fixed by the Government.