Future acquisition of land by inheritance in excess of permissible area

B.

1. (1) Subject to the provisions of section 10-A, if, after the commencement of this Act, any person, whether as land-owner or tenant, acquires by inheritance or bequest or gift from a person to whom he is an heir any land, or if after the 30th July, 1958, any person has acquired by transfer, exchange, lease, agreement or settlement any land, or in any other manner any land, which, with or without the lands already owned or held by him, exceeds the permissible area, then he shall within the period prescribed, furnish to the Collector, a return in the form and manner prescribed giving the particulars of all lands and selecting the land not exceeding in the aggregate the permissible area which he desires to retain and if the land of such person is situated in more than one patwar circle he shall also furnish a declaration required by section 5-A.
2. (2) If he fails to furnish the return and select his land within the prescribed period, then the Collector may in respect of him obtain the information required to be shown in the return through such agency as he may deem fit [and select the land for him in the manner specified in sub-section (2) of section 5-B].
3. (3) If such person fails to furnish the declaration, the provisions of section 5-C shall apply.
4. (4) The excess land of such person shall be at the disposal of the [Central Government] for utilisation as surplus area under clause (a) of section 10-A or for such other purpose as the Central Government may by notification direct.