Manner of payment of compensation assessed by the Collector under sub-section 5 of section 10-A

The amount of compensation assessed by the Collector under sub-section 10-A shall be paid by the panchayat direct to the payee against proper receipt or by money order, if the payee so desires after deducting therefrom money order commission or other expenses, if any:- (i) in lump sum where the amount of compensation does not exceed one hundred rupees; and (ii) in three equal instalments, where the amount of compensation exceeds one hundred rupees. A panchayat may, with the previous approval of the Government, sell the land vested in it under the Act for : (i) the purpose of construction a building for Block Samiti office or any department of or institution recognized by the Government ; (ii) the purpose of any industrial or commercial concern; or (iii) executing such a scheme as may be a source of recurring income to the Panchayat: Provided that the Government shall not approve a sale referred to in clause (ii) or (iii) above, unless there is unanimous resolution of the Panchayat for effecting such a sale.