Payment of amount

(1) The State Government shall within a period of ten months from the date of the order of the competent authority determining the amount to be paid under Section 12, or in a case where an appeal has been preferred against such order under Section 13, or under Section 14, within a period of ten months from the date of the final appellate order, pay the amount determined under Section 12 or under Section 13 or under Section 14 as the case may be, to the person or persons entitled thereto in annual instalments and such amount shall carry interest at the rate of five percent per annum from the date of the order under section 12 until final payment. Provided that where the amount payable to a person does not exceed the sum of rupees one thousand, the entire amount shall be paid in one lump sum. (2) If on or after the commencement of this Act or on or after the notified date or on or after the date of vesting under Section 11, any person acquires by transfer, inheritance, or otherwise any agricultural land the extent of which together with the extent of the agricultural land held by him exceeds in aggregate the ceiling limit, then he shall within three months of the date of such acquisition, file a statement before the competent authority having jurisdiction specifying the extent, location and such other particulars as may be prescribed of all the agricultural lands held by him and also specifying the agricultural lands within the ceiling limits which he intends to retain. (3) The provisions of Section 8 to 14 (both inclusive) shall, so far as may be, apply to the statement filed under this section and to the land held by such person in excess of the ceiling limit.