All lessees and other persons who have entered into any contract with the Panchayat Samiti or the Zila Parishad, as the case may be, shall be bound by the terms of their leases or cont.racts a11d no remission shall be granted by the Direc tor to them except in the followi11g cases:-
(i) remission may be granted to less.ccs and contractors only in the case in which they arc prevented from carrying out their part of lease or contract by reason of the occurrence of some extraordinary extrinsic causes which could not reasonably have been anticipated;
(ii) . the amount of remission granted shall not exceed the proportionate the amount payable under the lease or contract for the period for which the lessee or the contractor was prevented from carrying out his part of the lease or contract on account of such extraordina,.Y cause;
(iii) penalties provided in the lease or contract shall be strictly enforced in accordance with the terms and conditions-of the leases 01 contracts. Penalties for late payment of the amount due to the Panchayat Samili or the Zila Parishad under the lease or contract shall not be remitted except in the case where the payment of installments of the amount due are, in the opinion of the Panchayat Samiti or the Zila Parishad, as the case may be, fairly regular and the whole amount due to the Panchayat Samiti or the Zila Parishad, as ti1e case may be, under lease or contract is paid before the end of the period to which the lease or contract relates:
Provided that the remission under items (ii)ahd (iii) shall be sanctioned by·the Panchayat Samiti up to rupees five thousand and the Zila Parishad up to rupees ten thousand through resolution.
CHAPTER 7 DEPOSITS