[20M. Sharing with landowners the difference in price of a land when transferred for a higher consideration. -- Whenever any land acquired under this Act is transferred to any person for a consideration, eighty per cent. of the difference in the acquisition cost and the consideration received, which in no case shall be less than the acquisition cost, shall be shared amongst the persons from whom the lands were acquired or their heirs, in proportion to the value at which the lands were acquired, and for the purpose, a separate fund may be maintained which shall be administered by the competent authority in such manner as may be prescribed by the Central Government.]
Section 20M: Sharing with landowners the difference in price of a land when transferred for a higher consideration.
The Railways Act, 1989Central Act · Act 24 of 1989
Where this provision sits
| Act | The Railways Act, 1989 |
|---|---|
| Section | 20M |
| Marginal note | Sharing with landowners the difference in price of a land when transferred for a higher consideration. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted, Act 11 of 2008. . Ins. by Act 11 of 2008, s. 3 (w.e.f. 31-1-2008)
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