(1) Subject to the provisions of Section 5 of the Act where in a village, cultivable area in shamilat deh is 200 acres or more, such land may be leased out without auction to the Collective Farming Co operative Society, if any, constituted in the Village under the Punjab Co-operative Societies Act, 1961 , on such terms · and conditions as may be agreed to by the Panchayat with the approval of the Zila Parishad. Where there are more than one Collective Farming Co operative Societies in a . village, the land in Shamilat Deh may be leased out to ·them in prop-ortion to the strength of their members. The Co-operative Collective Farming Society shall execute a lease deed in favour of the Panchayat. The total period of the lease shall not exce~d 5 years.
(2) Such leases shall be subject to review by the Zila Parishad .
concerned annually so that the Panchayat or the Society may not suffer due to subsequent events which may affect the fertility or improvement in the land . .
(3) If, in any-case, the Panchayat has purchased a tractor or other equipment for the cultivation of the land in Shamilat Deh, the Co operative Coll~ctive Farming ·Society may purchase or take on hire such machinery and equipment on such reasonable price or rent, as the case may be, as may be mutually settled by the Panchayat and the said Society. · 2[(4) In case th.e society fails ·to comply with the terms and conditions of the lease, the lease shall come to an end antj .the land shall revert to the Panchayat without payment of any compensation therefore] and · · 3((4-A.) If any question, dispute or doubt arises as to whether or not the lease has come to an end, it shall be referred by the either'
1. Inserted vide Pb. Govt. Gaz. Notification No. 132 L.S. Parrill dated 19.11.1976 Page 753.
2. Substituted vide Pb. Govt. Gaz. G.S.R. No. 58 dated 18.7.1967
3. Inserted vide Pb. Govt. Gaz. G.S.R. No. 35 dated 6.5.1971 27 party to the Collector whose decision after hearing the parties:> shall ,be final] .
(5) Lease money shall be payable by the Co-operative Collective Farming Society in advance 1 [----] .
2[7-A. Lease co·ntract and agreement detrimental to the interests of Panchayat. [Sections 10-A (2)(i ii) and 15(2)(k)].-- Any lease, contract or agreement shall be deemed to be detrimental to the interest of Panchayat if:--
(i) it has been granted or made as the case may be otherwise than by following the procedure laid down for grant of leases , or the making of contracts and agreements by· the Panchayat;
or.
(ii) it adversely affects any of the development schemes of. the · Panchayat; or . . ..
(iii) it has resulted or is likely to result in a loss to the Panchayat;
or
(iv) it is Benami.
· 7-B. Manner of payment of compensation assessed by the Collector under sub-section 5 of section 10-A. [Sections 10-A (6) and 15 (2) (k)].-- The amount of' compensation assessed by the Collector under sub-section 5 of Section 10-A shall be paid by the Panchayat direct to the payee against proper . receipt or by money order, if the payee so desires after deducting therefrom money order commission or other expenses, if any--
(i) in lump sum where the amount of compensation does not exceed one hundred rupees; and · ·
(ii) in three equal .. instalments, where the . amount of compensation exceeds one h.undred rupees] .