section 60
Purchase price to bear interest
The Kerala Land Reforms Act, 1963Civil1963137 sections
Statutory text
The purchase price payable shall bear interest at the rate of 4 per cent per annum from the date on which the right, title and interest of the landowner and the intermediaries vested in the cultivating tenant. Where the purchase price is paid in instalments, the second and subsequent instalments shall be deposited together with interest on the amount outstanding on the date of deposit. (3) Where a person possesses any land, only so much land as will make the extent of land in his possession five acres shall be assigned to him.
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