Bombay Prevention Of Fragmentation & Consolidation Of Holdings Act 1947 Presented By : Jitendra Wagh.

Slides:



Advertisements
Similar presentations
Properties or assets that are offered to secure a loan.
Advertisements

WELCOME A.P.LAND REFORMS (Ceiling on Agrl. Holdings) ACT, 1973
Article XXXVI – Signature, ratification, acceptance, approval or accession 1. – This Protocol shall be open for signature in Berlin on 9 March 2012 by.
Condominium Liens For Aggressive & Essential Collection of Unit Owner Arrears Prepared by Michael Clifton, M.A., LL.B., ACCI (Law), partner, Clifton Kok.
THE INDUSTRIAL DISPUTES ACT 1947
Tenants in Foreclosure New Laws and Updates Tovah Flygare, Attorney, Southern Minnesota Regional Legal Services
Recap 1. Issue of share at discount 2. Issue of share are premium 3. Issue of share in lieu of outstanding balance of loan 4. Further issue of share capital.
PROSPECTUS AND COMMENCEMENT OF BUSINESS
TYPE OF TENURE IN ZALR Act.
Minimum Wages Act History of Minimum Wages ILO Convention no26 in1928 Recommended Machinery for Fixation of minimum wages The Standing Labour Committee.
INCOME FROM HOUSE PROPERTY Within the provisions of the Income Tax Act, 1961.
The Payment Of Bonus Act, 1965
PROPOSED CHANGES TO LINZ STANDARD AND GUIDELINE FOR ACQUISITON OF LAND UNDER THE PUBLIC WORKS ACT.
Sale of Land for Overdue Rates and Charges A presentation to the 2012 Local Authorities Revenue Management Association Conference By Tim Fynes-Clinton.
GE 120 LECTURE 1 ENGR. MARVIN JAY T. SERRANO LECTURER.
OFFENCES AND PENALTIES
Presentation to the Portfolio Committee on Minerals and Energy Minerals and Energy Laws Amendment Bill.
By : CA Sanjay Agarwal Mb: id: u/s 281 of Income Tax Act, 1961 Certain transfers to be void u/s 281 of Income Tax.
 Safety  Liquidity  Profitability  Security  Purpose of the loan  Diversification of risks  Assured repayment  Social objectives  The law of.
Minimum Wages Act 1948.
Legalwise Seminar : 27 November 2015 Review of Strata Title Reforms: Impact and Vision for the Future ____________________________________________________________________________________________.
Negotiable Instrument Act. Capacity of the Parties Every person capable of contracting may bind himself and be bound by the making, drawing, acceptance,
Negotiable Instrument Act
Amendments of the Indian Evidence Act, 1872 Neeraj Aarora Advocate FICWA, LLB, MBA (IT), PGD (Cyber Law, DLTA & ADR), CFE (USA), BCFE (USA) Empanelled.
INDIAN TAKEOVERS Meaning Of Acqusition: When an “acquirer” takes over the control of the “target company”, it is termed as takeover. When an acquirer.
INCOME FROM HOUSE PROPERTY. INTRODUCTION This lesson deals with income, which falls under the head ‘Income from house property’. The scope of income charged.
What is a Company? A Company is a voluntary association of persons formed for the purpose of doing business, having a distinct name and limited liability.
Employee Stock Option Scheme CS Khusbu Mohanty. Meaning "Employee Stock Option” means the option given to the whole-time Directors, Officers or employees.
The Sale of Goods Act A contract for sale of goods is a contract whereby the seller transfers or agrees to transfer the goods to the buyer for a.
WELCOME S R AGRAWAL. SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME 2013.
The Negotiable Instruments Act Negotiable Instrument According to Section 13(i) “ a negotiable instrument means a promissory note, bill of exchange.
Session 1 RTI, Allahabad 1. Ice-breaking  Participants are welcomed to the 05 days Training Programme. In this session adequate number of groups will.
State of the Union for Missouri Tax Liens
PRESENTATION ON RFCTLAR&R ACT, 2013 BY Sri Sangram Keshari Mohapatra JOINT SECRETARY, R&DM DEPARTMENT GOVT OF ODISHA.
Secured loan Definition: Section 5 (i, h) of Banking regulation Act, 1949 defines secured loan as one which is offered on the security of the asset whose.
New Tax Collector Training Series
CORPORATE LAW.
ISSUES IN INDIAN COMMERCE
LIMITED LIABILITY COMPANY
Membership of a company
Company accounts – Redeemable Preference Shares
Procurement Lobbying Legislation New York State Bar Association
Deputy Collector FOUNDATION BATCH
UNIT – II Buy-back of Shares
Financial Accounting II Lecture 23
The Rajasthan Tenancy Act 1955
Water Act An Act to provide for the development and utilisation of the water resources of Zimbabwe. Catchment area- means the area which naturally drains.
Recording of Khasmahal, Nazul, Gramakantha Parambok and Abadi Land
MEMORANDUM OF ASSOCIATION
LAND REFORM ACTS IN MAHARASHTRA Registrar & Deputy Collector
Income exempt from Tax under section 10
Transfer of shares to Investor Education and Protection Fund
Antiquities and Art Treasures Act, 1972
FINANCIAL ACCOUNTING BBAF 308
Deputy Collector FOUNDATION BATCH
Preventive Action U/s 145 CrPC.
PRESENTATION ON NEGOTIABLE INSTRUMENT ACT,1881
Sachin Kalantre Deputy Collector & Registrar , YASHADA
Restoration Of Land To Scheduled Tribes
Regulatory Compliances and Financial Controls for MCSTs
STRUCTURE OF THE PRESENTATION
LWZ223 Property Law Topic 11–Caveats and Unregistered Interests
Faculty:- CMA R Gopal MFM M.Phil., FCMA Practicing Cost Accountant
Mortgage A mortgage is the transfer of interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced.
Deputy Collector & Registrar , YASHADA
NEW FEDERAL EVICTION LAWS- WHAT YOU NEED TO KNOW
DEBT.
Section 90 - Significant Beneficial Owner (SBO)
Takeover Regulation.
Presentation transcript:

Bombay Prevention Of Fragmentation & Consolidation Of Holdings Act 1947 Presented By : Jitendra Wagh

“consolidation of holdings” means the amalgamation and where necessary the redistribution of holdings or portions of holdings in any village, mahal or taluka or any part thereof so as to reduce the number of plots In holdings “Fragment” means a plot of land of less extent than the appropriate standard area determined under this Act.

“standard area” in respect of any class of land means the area which the State Government may from lime to time determine under section 5 as the minimum area necessary for profitable cultivation in any particular local area, and includes a standard area revised under the said section

6. Entry in the Record of Rights.- (1) On notification of a standard area for a local area all fragments in the local area shall be entered as such in the Record of Rights (2) Notice of every entry made shall be given 7. Transfer and lease of fragments.- (1) No person shall transfer any fragment in respect of which a notice has been given under sub-section (2) of section 6 except to the owner of a contiguous survey number or recognised sub-division of a survey number 8. Fragmentation prohibited.- No land in any local area shall be transferred or partitioned so as to create a fragment

( 8AA.) Restriction on partition of land.-so as to create fragment Where such partition is made by the Court or the Collector, — (a) If, in effecting a partition among several co-sharers,-- share in the land cannot be given without creating a Fragment,-- shall be compensated in money ( The amount /compensation determined as per provisions of section 23 of the Land Acquisition Act, 1894.) (b) If, in effecting a partition, it is found that there is not enough land to provide for the shares of all the co-sharers , the co-sharers may agree among themselves co-sharers who should get the share of land and which of them should be compensated in money. In the absence of any such agreement, the co-sharers to whom a share of land can be provided and those to whom money compensation should be given shall be chosen by lot

(c) The compensation shall be payable by each co-sharer in proportion to the excess value of land he gets over the share of land legally due to him, and such co-sharer shall deposit the amount. On his failure to do so, his share shall be allotted to any other co-sharer to whom land has not been previously allotted and who is chosen in the manner provided in clause (b) . (d) If none of the co-sharers to whom land has been allotted under clause (c) pays the compensation and takes the share, the share shall he sold in auction to the highest bidder, and the purchase many shall be paid to the co-sharers not getting land in proportion to their respective shares.

10. Transfer of fragment to Government.— Any owner of a fragment transfer it to the State government on payment by the State Government of such compensation to persons possessing interest therein as the Collector may determine and thereupon the fragment shall vest absolutely in the State Government free from all encumbrances but no such fragment shall be transferred to the State Government unless it is first offered to the owner of a contiguous survey number or recognised sub-division if a survey number on payment of the compensation determined by the Collector as aforesaid and such owner has refused to purchase the fragment on payment of such compensation

15. Government may of its own accord or on application declare its intention to make scheme for consolidation of holdings.. 16. Scheme to provide for compensation.- (1) The scheme prepared by the Consolidation Officer shall provide for the payment of compensation to any owner who is allotted a holding of less market value than that of his original holding and for the recovery of compensation from any owner who is allotted a holding of greater market value than that of his original holding. (2) The amount of compensation shall be determined, so far as practicable, in accordance with the provisions of sub-section (1) of section 23 of the Land Acquisition Act, 1894.

(1) draft scheme published objection within 30 days. 19. Publication of draft scheme and of a amended draft schemes- (1) draft scheme published objection within 30 days. (2)If any objections are received C O considers it necessary to amend the draft scheme he shall amend the draft scheme and publish the amended draft scheme person likely to be affected by such amended draft scheme objections within 30 days (3) no objection as per subsection 1,no objection as per amended (subsection 2) ,with further amendments to the amended draft scheme, together with the objections and his remarks thereon, shall be forwarded by the Consolidation Officer to the Settlement Commissioner for confirmation. 20. Confirmation of draft scheme or amended draft scheme

21. Enforcement of scheme.- Settlement Commissioner to publish in the Official Gazette+ villages concerned. (2) Within one year owners from whom compensation is recoverable shall deposit the amount . (3) The Consolidation Officer shall put the owners in possession of the holdings to which they are entitled under the scheme (eviction) 24. Certificate of transfer.- Registered certificate & new ROR

29. Transfer of encumbrances 29. Transfer of encumbrances. – mortgage, debt or other encumbrance shall be transferred to the holding ‘allotted to him under the scheme 31. Restrictions on alienation and sub-division of consolidated holdings.- (1) (a) transferred, by way of sale , gift, exchange, lease, or otherwise; or (b)subdivision , so as to create a fragment, without the previous sanction of the Collector. (2) not applicable in the area of municipal corporation ,municipal council , a cantonment notified area for which a Special Planning Authority constituted, an area designated as a site for a new town for which a Development Authority is constituted , area specified by the State Government, by notification in the Official Gazette, as being reserved for non-agricultural or industrial development.

(3) Nothing in sub-section (I) shall also apply to any land which is to be transferred - to the tenant of the holding or his heir; or to an owner of the adjoining holding who cultivates his land personally; or to an agriculturist or agricultural labourer, in its entirety; or to a person who is rendered landless by reason of acquisition of his land for a public purpose; to a co-operative society; or by way of gift bona fide made by the owner in favour of a member of his family; or by way of exchange, where such land is cultivated personally by the holder, for any other land allotted under this Act, which is also likewise cultivated personally by its holder: - Provided that, no such transfer shall be made so as to create a fragment.