The party who shall be declared the purchaser of an estate or share of an estate at any such public sale as aforesaid, shall be required to deposit or immediately or as soon after the conclusion of the sale of the estate at share as the Collector or other Officer as aforesaid may think necessary, either in cash Bank of Bengal Notes or Post Bills or Government Securities to be valued at the market rate of the day, duly endorsed, twenty percent on the amount of his bid and in default of such deposit, the estate or share shall forthwith be put up again and sold.
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More sections of this act
Section 1 · Laws repealed.Section 2 · What is an arrear of revenue.Section 3 · Latest day of payment.Section 4 · In Sylhet, personal property of defaulters may in the first instance be distrained and sold.Section 5 · Proviso in the case of certain descriptions of arrears.Section 6 · Notifications of sale to be issued, and no tender after latest day of payment to stop the sale.Section 7 · Notice to ryots, &.Section 8 · Claims against Government held by a defaulter not to invalidate a sale.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.