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State of Punjab - Section

Section 18 in The Punjab Land Reforms Rules, 1973

18. Payment of purchase price.

- [(1) The amount determined under sub-section (2) of section 15 shall be paid in lump sum where it does not exceed two hundred rupees and in fifteen equated half yearly instalments in other cases.] [Substituted by Notification No. GSR 87, dated 4.10.1973.]
(2)The lump sum or the first instalment of the amount determined under sub-section (2) of section 15 shall be deposited in a Government Treasury or Sub-Treasury or paid to the Assistant Collector of the first grade having jurisdiction within fifteen days of such determination and every subsequent instalment shall be paid within fifteen days of the date on which it becomes due.