Compulsory Deposit Scheme Act : Power to suspend, reduce or remit the amount of compulsory deposit.

Compulsory Deposit Scheme Act,1963

Act No : 21

Section : Power to suspend, reduce or remit the amount of compulsory deposit.

8.Power to suspend, reduce or remit the amount of compulsory deposit. Where the State Government has suspended payment of land- revenue, or reduced or remitted the amount of land-revenue, payable in any year in respect of any land, then, the Central Government may, by order, suspend payment of the compulsory deposit, or reduce or remit the amount of such deposit payable in that year under section 4 by a person falling under clause (a) of section 2.