(1) Where under the terms of a public trust any interest either in the land in respect of which the public trust is created or in the income from such land is reserved in favour of the founder of such public trust, the authorised officer shall declare the extent of land which bears to the total extent of land held on the appointed day in respect of which the public trust is created, the same proportion as such interest bears to the total interest in such land or the income therefrom.
(2) The extent of the land so declared under sub-section (1) –
(a) shall, with effect from the date of such declaration, be deemed to be held by the founder;
(b) shall be taken into account in calculating the extent of land held by him;
and
(c) shall cease to be the public trust property from the date of such declaration;
but shall be subject to any other liability that may be subsisting on such land;
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Provided that the extent of such liability shall bear the same proportion to the entire liability as the extent so declared bears to the total extent.
Ceiling on holding land
6. On and from the appointed day, no person shall, except as otherwise provided in this Act, but subject to the provisions of Chapter-VI, be entitled to hold land in excess of the ceiling area:
Provided that in calculating the total extent of land held by any person, the authorised officer may, for reasons to be recorded in writing permit any person to hold land in excess of the ceiling area if the extent of excess of land does not exceed 0.2 hectare in the case of wet land and 0.4 hectare in the case of dry land.
Furnishing of return by persons holding land in excess of ceiling area