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Section 50 Acquisition of land at cost of a local authority or Company, Section 51 Exemption from stamp-duty and fees - Land Acquisition Act 1894

Whether Acquisition of land at cost of a local authority or Company? When Exemption from stamp-duty and fees? Section 50 and 51 of Land Acquisition Act 1894

Acquisition of land at cost of a local authority or Company and Exemption from stamp-duty and fees are defined under section 50 and 51 of Land Acquisition Act 1894. Provisions under these Sections are:

Sales of Goods act Important Questi...
Sales of Goods act Important Questions

 

 

Section 50 of Land Acquisition Act 1894 "Acquisition of land at cost of a local authority or Company"

(1) Where the provisions of this Act are put in force for the purpose of acquiring land at the cost of any fund controlled or managed by a local authority or of any Company, the charges of and incidental to such acquisition shall be defrayed from or by such fund or Company.
(2) In any proceeding held before a Collector or Court in such cases the local authority or Company concerned may appear and adduce evidence for the purpose of determining the amount of compensation:
Provided that no such local authority or Company shall be entitled to demand a reference under section 18.

 

Section 51 of Land Acquisition Act 1894 "Exemption from stamp-duty and fees"

No award or agreement made under this Act shall be chargeable with stamp-duty, and no person claiming under any such award or agreement shall be liable to pay any fee for a copy of the same

 

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