If the sum, which in the opinion of the Authority concerned, the Collector ought to have awarded as compensation is in excess of the sum which the Collector did award as compensation, the award of the Authority concerned may direct that the Collector shall pay interest on such excess at the rate of nine per cent. per annum from the date on which he took possession of the land to the date of payment of such excess into Authority:
Provided that the award of the Authority concerned may also direct that where such excess or any part thereof is paid to the Authority after the date or expiry of a period of one year from the date on which possession is taken, interest at the rate of fifteen per cent. per annum shall be payable from the date of expiry of the said period of one year on the amount of such excess or part thereof which has not been paid into Authority before the date of such expiry.
Provided that the award of the Authority concerned may also direct that where such excess or any part thereof is paid to the Authority after the date or expiry of a period of one year from the date on which possession is taken, interest at the rate of fifteen per cent. per annum shall be payable from the date of expiry of the said period of one year on the amount of such excess or part thereof which has not been paid into Authority before the date of such expiry.
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 73Re-determination of amount of compensation on the basis of the award of the Authority. →All sections / सभी धाराएँThe Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Application of Act.Section 3 · Definitions.Section 4 · Preparation of Social Impact Assessment study.Section 5 · Public hearing for Social Impact Assessment.Section 6 · Publication of Social Impact Assessment study.Section 7 · Appraisal of Social Impact Assessment report by an Expert Group.Section 8 · Examination of proposals for land acquisition and Social Impact Assessment report by appropriate Government.India Code, Government of India. Text fetched 10 Oct 2026. Source metadata reports last modification: 2019-12-02. Check the linked official text and subsequent notifications when applying a provision.