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← Karnataka Acts

(Acquisition and Transfer) Act, 1996

38 sections · 5 chapters · 2 schedules

Preamble
- Section 1 Short title and commencement
- Section 2 Definitions.- In this Act, unless the context otherwise requires,-
Schedule I DETAILS OF LANDS HELD BY
Schedule II Schedule II

(Acquisition and Transfer) Act, 1996

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General1996Karnataka Act

(Acquisition and Transfer) Act, 1996

This law transfers the Roerich and Devikarani Roerich Estate, including land and buildings, to the State Government. It applies to the government, the original owners, and anyone who bought the land after 1991. The main purpose is to take control of the property and remove any old debts or court orders attached to it. However, it protects people who have loans on the property by allowing them to get their money back from specific funds, even though the land now belongs to the state.

5

Chapters

0

Parts

2

Schedules

38

Sections

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Legislative Amendment Timeline

Chronological legislative evolution of (ACQUISITION AND TRANSFER) ACT, 1996 across statutory gazettes and amending Acts.

Enacted1996

Amendments2

Sections Changed2

Latest2017

Omission / Repealw.e.f. 11.07.2017Gazette: Act 33 of 2017
The Roerich and Devikarani Roerich Estate (Acquisition and Transfer) (Amendment) Act, 2017
Affected:Sec. 21
Insertionw.e.f. 21.11.1996Gazette: Act 19 of 2001
The Roerich and Devikarani Roerich Estate (Acquisition and Transfer) (Amendment) Act, 2001
Affected:Sec. 19A
Enactment1996
Act Enacted

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Chapter I— PRILIMINARY

Section 1Short title and commencement
Section 2Definitions.- In this Act, unless the context otherwise requires,-

Chapter II— TRANSFER AND VESTING OF THE ESTATE

Section 3Transfer and vesting of the Estate in the State Government
Section 4General effect of vesting
Section 5Board by or against the Board.
Section 6Power of State Government to direct vesting of the Estate in the
Section 7Amount to be given to owners, transferees and other interested persons
Section 8Commissioner and the said amount shall be paid to the owners, transferees or such other persons entitled thereto in the manner specified in Chapter IV.

Chapter III— MANAGEMENT OF THE ESTATE

Section 9Management of the Estate
Section 10Duties of persons in-charge of management of the Estate
Section 11Duty of persons to account for assets. etc., in their possession.- (1)

Chapter IV— COMMISSIONER OF PAYMENTS

Section 12Appointment of Commissioner of payments.- (1) The State
Section 13State.
Section 14Certain powers of the State Government and the Board.- (1) The
Section 15Claims to be made to the Commissioner
Section 16Priority of claims
Section 17Examination of claims.- (1) On receipt of the claims made under section
Section 18Admission or rejection of claims
Section 19Disbursement of the amount by the Commissioner to the claimants.-
Section 19ADisbursement of amount to the owners, transferees and other interested persons
Section 20Undisbursed or unclaimed amount to be deposited to the General
Section 21The Board of Trustees
Section 22Powers and duties of the Board.- Subject to the rules made under this
Section 23Appointment of Executive Officer and other officers.- (1) The State
Section 24Government shall be deemed to be public servants within the meaning of section 21 of the Penal Code.
Section 25Suits and other legal proceedings by or against Board
Section 26Fund
Section 27Power to borrow
Section 28Utilisation of the Fund
Section 29Audit
Section 30Budget

Chapter VI— MISCELLANEOUS

Section 31Act to have overriding effect
Section 32Contract to cease to have effect unless ratified by Board
Section 33Protection of action taken in good faith
Section 34Penalties.- Any person who,-
Section 35Offences by companies
Section 36Revision
Section 37Power to make rules
Section 38Power to remove difficulties