Kerala Finance (No.2) Act, 2015

No: 12 Dated: Jul, 29 2015

THE KERALA FINANCE (No. 2) ACT, 2015

ACT 12 OF 2015

    An Act to give effect to certain financial proposals of the Government of Kerala for the Financial Year 2015-2016.

    Preamble.-WHEREAS, it is expedient to give effect to certain financial proposals of the Govemment of Kerala for the financial year 2015-2016;

BE it enacted in the Sixty-sixth Year of the Republic of India as follows:-

1. Short title and commencement.-(1) This Act may be called the Kerala Finance (No. 2) Act, 2015.

(2) It shall be deemed to have come into force on the 1st day of April, 2015.

2. Amendment of Act 28 of 2008.- In the Kerala Conservation of Paddy Land and Wet land Act, 2008 (28 of 2008), after section 3, the following section shall be inserted, namely:-

"3A. Power to regularise the conversion or reclamation of paddy land made before the commencement of the Act.- Notwithstanding anything contained in this Act or any other Act, rules or orders for the time being in force or in any judgement, decree or order of any court, tribunal or other authority, where before the commencement of this Act, any owner, occupier or the person in custody of any paddy land had undertaken conversion or reclamation of the said paddy land otherwise than in accordance with the provisions of any other Act existing at that time, the Collector may, regularise such conversion or reclamation, in such manner as may be prescribed, by recovering a fee equal to 25 percent of, the fair value of the said land notified under section 28A of the Kerala Stamp Act, 1959 (17 of 1959) or the fair value of adjacent land of similar nature, if the fair value of said land is not notified.".