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(1) No land purchased by a tenant under section 41 or 46 1[or 49A 2[57D]] or 130 or sold to any person under section 91 or 122 shall be transferred by sale, gift, exchange, mortgage, lease or assignment 3[ * * *] without the previous sanction of the Collector. Such sanction shall be given by the Collector in such circumstances and subject to such conditions as may be prescribed by the State Government. 4[Provided that, no such previous sanction shall be necessary for the sale, gift, exchange, mortgage, lease or assignment of the land in respect of which ten years have elapsed from the date of purchase or sale of land under the sections mentioned in this sub-section, subject to the conditions that,- (a) before selling the land, the seller shall pay a nazarana equal to forty times the assessment of the land revenue to the Government; (b) the purchaser shall be an agriculturist; (c) the purchaser shall not hold the land in excess of the ceiling area permissible under the Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 (Mah. XXVII of 1961); and (d) the provisions of the 5Bombay Prevention of Fragmentation and Consolidation of Holdings Act, 1947 (Bom. LXII of 1947) shall not be violated.] (2) Any transfer 6[ * * *] of land in contravention of sub-section (1) shall be invalid: Provided that nothing in this section shall apply to the lands purchased by an occupancy tenant.
<span style="margin-left:15px;"></span>(<i>1</i>) No land purchased by a tenant under section 41 or 46 <sup>1</sup>[or 49A <sup>2</sup>[57D]] or 130 or sold to any person under section 91 or 122 shall be transferred by sale, gift, exchange, mortgage, lease or assignment <sup>3</sup>[ * * *] without the previous sanction of the Collector. Such sanction shall be given by the Collector in such circumstances and subject to such conditions as may be prescribed by the State Government. <br> <span style="margin-left:15px;"></span><sup>4</sup>[Provided that, no such previous sanction shall be necessary for the sale, gift, exchange, mortgage, lease or assignment of the land in respect of which ten years have elapsed from the date of purchase or sale of land under the sections mentioned in this sub-section, subject to the conditions that,-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>a</i>) before selling the land, the seller shall pay a <i>nazarana</i> equal to forty times the assessment of the land revenue to the Government; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><i>(b)</i> the purchaser shall be an agriculturist; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>c</i>) the purchaser shall not hold the land in excess of the ceiling area permissible under the Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961 (Mah. XXVII of 1961); and<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>d</i>) the provisions of the <sup>5</sup>Bombay Prevention of Fragmentation and Consolidation of Holdings Act, 1947 (Bom. LXII of 1947) shall not be violated.]<br> <span style="margin-left:15px;"></span>(<i>2</i>) Any transfer <sup>6</sup>[ * * *] of land in contravention of sub-section (<i>1</i>) shall be invalid: <br> <span style="margin-left:15px;"></span>Provided that nothing in this section shall apply to the lands purchased by an occupancy tenant.<br>