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[Cites 0, Cited by 0] [Section 14] [Entire Act]

State of Karnataka - Subsection

Section 14(2) in Karnataka (Sandur Area) Inams Abolition Act, 1976

(2)The amount payable under this Act may, in accordance with the rules made in this behalf, be paid in one or more of the following modes, namely:-
(i)in cash in full or in annual instalments not exceeding ten ;
(ii)in bonds, either negotiable or not negotiable carrying interest at the rate specified in sub-section (1) and of guaranteed face value maturing within a specified period not exceeding ten years :
Provided that the amount payable under the bonds issued under this clause may be repaid in such number of instalments not exceeding ten as may be prescribed.