# Tlr&lr Act. 1960, Section 172

- Act: Tlr&lr Act. 1960 (Act 43 of 1960)
- Source URL: https://indiacode.ecourtsindia.com/tlr-lr-act-1960/section/172/

## Text

(1) The compensation payable under section 171 shall be due from the date of the publication of the list under sub-section (3) of section 170 and may be paid in cash, in a lump sum or in installments, or in bonds. (2) Where the compensation is payable in bonds, the bonds may be made not transferable or transferable by endors3ment or in any other manner but all such bonds shall be redeemed within such period, not exceeding twenty years from the date of issue, as may be prescribed. (3) Where there is any delay in the payment of compensation or where the compensation is paid either in installments or in bonds, it shall carry interest at the rate of two and a half per cent per annum from the date on which it falls due. e Limit of future acquisition of land 1[173. No person shall acquire in any manner whatsoever, whether by transfer or by succession or by testamentary disposition or by operation of law, any land where such acquisition has the effect of making the total area of the land held by him exceed the ceiling limit; and any such land in excess of the ceiling limit shall be treated as excess land of the transferee and the provisions of Sections 167 to 172 shall, as far as may be, apply to such excess land. Explanation .- In this section, the word "transfer" has the same meaning as in section 168.] Excess land not to be surrendered in certain cases

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