Lawgist20MSharing with landowners the difference in price of a land when transferred for a higher consideration
1[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.]
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1. Ins. by Act 11 of 2008, s. 3 (w.e.f. 31-1-2008)
- 20A Power to acquire land, etc
- 20B Power to enter for survey, etc
- 20C Evaluation of damages during survey, measurement, etc
- 20D Hearing of objections, etc
- 20E Declaration of acquisition
- 20F Determination of amount payable as compensation
- 20G Criterion for determination of market-value of land
- 20H Deposit and payment of amount
- 20-I Power to take possession
- 20J Right to enter into land where land has vested in Central Government
- 20K Competent authority to have certain powers of civil court
- 20L Utilisation of land for the purpose it is acquired
- 20M Sharing with landowners the difference in price of a land when transferred for a higher consideration
- 20N Land Acquisition Act 1 of 1894 not to apply
- 20-O Application of the National Rehabilitation and Resettlement Policy, 2007 to persons affected due to land acquisition
- 20P Power to make rules in respect of matters in this Chapter
