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Section 12: Compensation to be paid in cash or in bonds

The Thiruppuvaram Payment (Abolition)m Act 1969 (No.19 of 1969)State Act of Kerala · Act 19 of 1969

The compensation payable under ~ectwn 6 may be p-ud e1ther in cash or m Government bonds carrymg mterest at the r.ttc of 4 percentum per annum and redeemable after the expnation of s1x years from tl.e date of issue of the bonds, or partly m cash and partly in such bonds, as may be prescribed.

13. Commutation rate of paddy and other commodities.­ ( I) For the pm pose of calculatmg the annuli y 01 the compensation payable under this Act, the paddy portwn of '11 uuppuvaram shall be commuted mto money at the rate of Rs. 2·12 pe1 standard para.

Explanation.--For the purposes of this sub-sectiOn, "Handard para" means a measure equivalent to 13· I I litres.

(2) Where Th1ruppuvaram is pa) able in any commodity othe1 than paddy, the commutatiOn rate of such commodity for the purpose of calculatmg the annUJty 01 compensatiOn payable under th1s Act shall be as specified in the Schedule.

Where this provision sits

ActThe Thiruppuvaram Payment (Abolition)m Act 1969 (No.19 of 1969)
Section12
Marginal noteCompensation to be paid in cash or in bonds
JurisdictionState of Kerala
StatusIn force as published by the source

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