Payment of net amount due to the authority
Section 105 of the Andhra Pradesh Capital Region Development Authority Act, 2014 deals with payment of net amount due to the authority. The net amount payable under the provisions of the Act by the owner of a plot included in the final scheme may at the option of the contributor be paid in lump-sum or in annual installments not exceeding ten.
Payment of net amount due to the authority:
(1) The net amount payable under the provisions of the Act by the owner of a plot included in the final scheme may at the option of the contributor be paid in lump-sum or in annual installments not exceeding ten.
(2) If the owner elects to pay the amount by installments, interest at such rate as is arrived at by adding two percent to the bank rate published under section 50 of the Reserve Bank of India Act, 1934 from time to time, shall be charged per annum on the net amount payable.
(3) If the owner of a plot fails to exercise the option on or before the date specified in a notice issued to him in that behalf by the Authority, he shall be deemed to have exercised the option of paying contribution in instalments and the interest on the contribution shall be calculated from the date specified in the notice, being the date before which he was required to exercise the option.
(4) Where two or more plots included in the final scheme are of the same ownership the net amount payable by such owner under the provisions of the Act shall be distributed over his several plots in proportion to the increments which is estimated to accrue in respect of each plot unless the owner and the Authority agree to a different method of distribution.
Section 105, The Andhra Pradesh Capital Region Development Authority Act, 2014 (Act 11 of 2014).
Questions about Section 105
What does Section 105 of the Andhra Pradesh Capital Region Development Authority Act deal with?
Section 105 of the Andhra Pradesh Capital Region Development Authority Act is headed "Payment of net amount due to the authority". The net amount payable under the provisions of the Act by the owner of a plot included in the final scheme may at the option of the contributor be paid in lump-sum or in annual installments not exceeding ten.
How do I find court cases under Section 105 of the Andhra Pradesh Capital Region Development Authority Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Andhra Pradesh Capital Region Development Authority Act 105, section 105 Andhra Pradesh Capital Region Development Authority Act, section 105 of the Andhra Pradesh Capital Region Development Authority Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Andhra Pradesh Capital Region Development Authority Act enacted?
Andhra Pradesh Capital Region Development Authority Act was enacted in 2014 as Act 11 of 2014. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
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