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A landowner is deemed unable to alienate their land, and compensation money is deposited. According to Section 78(1), what action must the Authority prioritize?
A landowner is deemed unable to alienate their land, and compensation money is deposited. According to Section 78(1), what action must the Authority prioritize?
- Prioritize investing the funds to acquire alternative land for the landowner. (correct)
- Expedite the transfer of funds to the Requiring Body for project use.
- Promptly return the compensation to the Collector's office.
- Immediately deposit the funds into a high-yield savings account.
Under Section 78(1), if immediate purchase of replacement land is not feasible after compensation money has been deposited, what is the prescribed temporary course of action?
Under Section 78(1), if immediate purchase of replacement land is not feasible after compensation money has been deposited, what is the prescribed temporary course of action?
- Distribute the funds among the legal heirs of the landowner as an immediate solution.
- Invest the funds in secure Government or other approved securities to generate earnings. (correct)
- Allocate the funds to urgent public welfare initiatives within the affected locality.
- Hold the funds in a non-interest-bearing current account until land becomes available.
According to Section 78, who is legally entitled to receive the interest income or financial gains derived from the investment of compensation money?
According to Section 78, who is legally entitled to receive the interest income or financial gains derived from the investment of compensation money?
- The State Treasury, as a contribution to public funds.
- The Requiring Body, to reinvest in the project.
- The original landowner or the individuals with rightful claim to possess the land. (correct)
- The local Collector's office, to offset administrative costs.
As per Section 78(1), under what condition must the compensation money remain invested in Government or approved securities?
As per Section 78(1), under what condition must the compensation money remain invested in Government or approved securities?
According to Section 78(1), what are the two permissible uses of invested compensation money?
According to Section 78(1), what are the two permissible uses of invested compensation money?
According to Section 78(2), who is responsible for covering the expenses related to investment activities, disbursement of funds, and associated legal procedures?
According to Section 78(2), who is responsible for covering the expenses related to investment activities, disbursement of funds, and associated legal procedures?
Referring to Section 78(2), which expense is NOT payable by the Collector?
Referring to Section 78(2), which expense is NOT payable by the Collector?
Under Section 79, if money is deposited for reasons other than those stated in Section 78, how can it be utilized?
Under Section 79, if money is deposited for reasons other than those stated in Section 78, how can it be utilized?
Who is eligible to apply for the investment of funds deposited under Section 79?
Who is eligible to apply for the investment of funds deposited under Section 79?
What is the primary intention behind investing deposited money as outlined in Section 79?
What is the primary intention behind investing deposited money as outlined in Section 79?
Under Section 80, under what circumstances must interest be paid on compensation money?
Under Section 80, under what circumstances must interest be paid on compensation money?
According to Section 80, what is the annual interest rate applicable to unpaid compensation?
According to Section 80, what is the annual interest rate applicable to unpaid compensation?
Referring to Section 80, from what specific date does the 9% interest rate become applicable?
Referring to Section 80, from what specific date does the 9% interest rate become applicable?
What is the consequence if compensation is not paid or deposited within one year of the date of possession, according to Section 80?
What is the consequence if compensation is not paid or deposited within one year of the date of possession, according to Section 80?
When does the increased interest rate of 15% per annum begin to accrue under Section 80?
When does the increased interest rate of 15% per annum begin to accrue under Section 80?
According to Section 80, which part of the compensation is subjected to the increased 15% interest rate?
According to Section 80, which part of the compensation is subjected to the increased 15% interest rate?
If there is a delay in compensation lasting more than a year, what is the aggregate annual interest liability?
If there is a delay in compensation lasting more than a year, what is the aggregate annual interest liability?
What is the fundamental rationale for imposing interest on compensation payments that are delayed under Section 80?
What is the fundamental rationale for imposing interest on compensation payments that are delayed under Section 80?
According to Section 80, if compensation is deposited prior to taking possession of the land, does the interest apply?
According to Section 80, if compensation is deposited prior to taking possession of the land, does the interest apply?
Which element is NOT explicitly addressed or governed by Sections 78-80?
Which element is NOT explicitly addressed or governed by Sections 78-80?
Flashcards
Section 78(1): Initial action for compensation money?
Section 78(1): Initial action for compensation money?
Order the money to be invested in purchasing other lands.
Section 78(1): Handling money if land purchase is not immediately possible?
Section 78(1): Handling money if land purchase is not immediately possible?
Invested in Government or approved securities.
Section 78: Who Receives Investment Proceeds?
Section 78: Who Receives Investment Proceeds?
The original landowner or persons entitled to land possession.
Section 78(1): Until when is compensation money invested?
Section 78(1): Until when is compensation money invested?
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Section 78(1): Primary uses of invested compensation money?
Section 78(1): Primary uses of invested compensation money?
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Section 78(2): Who pays for investment costs?
Section 78(2): Who pays for investment costs?
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Section 78(2): What costs are NOT payable by the Collector?
Section 78(2): What costs are NOT payable by the Collector?
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Section 79: Usage of deposited money (not Section 78)?
Section 79: Usage of deposited money (not Section 78)?
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Section 79: Who can ask for investment of deposited money?
Section 79: Who can ask for investment of deposited money?
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Section 79: Goal of investing deposited money?
Section 79: Goal of investing deposited money?
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Section 80: When is interest paid on compensation money?
Section 80: When is interest paid on compensation money?
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Section 80: Interest rate for unpaid compensation?
Section 80: Interest rate for unpaid compensation?
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Section 80: When does 9% interest apply?
Section 80: When does 9% interest apply?
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Section 80: What happens after one year of delayed payment?
Section 80: What happens after one year of delayed payment?
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Section 80: When does 15% interest start applying?
Section 80: When does 15% interest start applying?
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Section 80: Which portion gets 15% interest?
Section 80: Which portion gets 15% interest?
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Section 80: What's the total interest if delayed after one year?
Section 80: What's the total interest if delayed after one year?
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Section 80: Why impose interest on delayed payments?
Section 80: Why impose interest on delayed payments?
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Section 80: Interest if compensation deposited before possession?
Section 80: Interest if compensation deposited before possession?
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Sections 78-80: Which aspect is NOT a key focus?
Sections 78-80: Which aspect is NOT a key focus?
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Study Notes
Section 78(1): Compensation for Those Unable to Alienate Land
- If compensation is deposited for individuals who cannot sell/transfer land, the Authority must order the money to be invested in purchasing other lands.
- If purchasing other land immediately is not possible, the money should be invested in Government or approved securities.
- The original landowner or those entitled to land possession are entitled to receive the interest or proceeds from the investment.
- The compensation money must remain invested until it's used to purchase other land or paid to those entitled.
- Invested compensation money can be applied towards purchasing land or paying those entitled to compensation.
Section 78(2): Costs Associated with Investment
- The Collector bears the costs of investment, payments, and related proceedings.
- Costs payable by the Collector do not include the costs of litigation between adverse claimants.
Section 79: Use of Money Deposited (Other Than Section 78)
- If money is deposited for a reason other than specified in Section 78, it may be invested in Government or other approved securities.
- Any party interested or claiming an interest in the deposited money can apply for its investment.
- The primary goal of investing the deposited money is to provide the interested parties the same benefit as they had from the land.
Section 80: Interest on Compensation Money
- Interest must be paid on compensation money if the compensation is not paid before taking possession of the land.
- The rate of interest on unpaid compensation is 9% per annum.
- The 9% interest applies from the time possession of land is taken.
- If the compensation is not paid or deposited within one year of taking possession, the interest rate increases to 15% per annum.
- The 15% per annum interest starts applying from the expiry of one year after taking possession.
- The increased 15% interest applies to the amount not paid or deposited before the expiry of one year.
- If compensation is delayed beyond one year, the total interest payable is 9% for the first year, then 15% thereafter.
- The purpose of imposing interest on delayed compensation payments is to ensure timely and fair compensation to landowners.
- If compensation is deposited before possession is taken, interest under Section 80 does not apply.
Sections 78-80: Key Aspects
- Key aspects of Sections 78-80 include investment of compensation money, interest on delayed compensation payments, and ensuring financial benefits to affected landowners.
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