Payment of compensation

(1) The Government shall pay to the inamdar every year so long as the institution exists as compensation for all the rights of the inamdar vesting in the State of Mysore under this Act, the basic annual sum as a tasdik allowance. (2) The sum payable under sub-section (1) may be paid in such form and manner, and at such time or times, and in one or more instalments as may be prescribed.