Chapter VI Chapter VI

(1) The Board may enter into an agreement with any person for the acquisition from him by purchase, lease or exchange of any land which is needed for the purposes of a rehabilitation scheme, or any interest in such land, or for compensating the owners of any such right in respect of any deprivation thereof or interference therewith: Provided that the previous approval of the Government shall be obtained in case of purchase or exchange involving land worth more than Rs. 5,00,000 or lease for more than five years. (2) The Board may also take necessary steps for the compulsory acquisition of any land or any interest therein required for the execution of a rehabilitation scheme in the manner provided in the Land Acquisition Act, 1894 (Central Act of 1894) and the acquisition of any land or any interest therein for the purposes of this Act shall be deemed to be acquisition for a public purpose within the meaning of the said Land Acquisition Act, 1894.

Subject to such rules as may be made by the Government under this Act, the Board may retain, lease, sell, exchange or otherwise dispose of any land, building or other property vested in it and situated in the area comprised in any rehabilitation scheme sanctioned under this Act.

(1) (a) Where by the making of a rehabilitation scheme, any plots comprised in the area included in the scheme are reconstituted or any person is dispossessed, the Board shall, after making such inquiry as it thinks fit, award to the person affected by such reconstitution or dispossession such compensation as it deems reasonable. (b) If the person is dissatisfied with the decision of the Board in the matter, he may inform the Board accordingly within one month. (c) The Board shall within thirty days thereof refer the matter to the Government. (2) The Government shall then after making an inquiry, if necessary, determine the amount of compensation and direct the Board to pay the same to the person entitled thereto.