5. The following new sections are hereby inserted immediately after section 54, and shall, have effect as sections 54A, 54B and 54C, of the principal enactment:-
| 54A. Notwithstanding anything to the contrary in this Act or in any other written law, the Corporation may pay to any person as compensation in respect of property vested in, or requisitioned for, the Corporation under this Act, where such vesting or requisitioning is made on or after the first day of August, 1970, such amount as the Minister may, pursuant to any agreement reached between the Minister and such person in respect of the amount of compensation for such property, direct the Corporation to pay. |
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| 54B.
| | (1) The Chairman of the Board of Directors may before the determination of a claim for compensation under this Act pay to a person whom he considers entitled to such compensation an advance, and any sum so paid shall be deducted from the amount of the compensation awarded to him. | | |
| | (2) Where any sum is paid after the date of commencement of this Act to any person as an advance on account of compensation to be paid to such person under this Act in reject of any land vested in or requisitioned for the Corporation. such payment shall be deemed to have been paid under sub section (1) and accordingly such sum shall be deducted from the amount of the compensation awarded to such person. | | |
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| 54C. Where compensation under this Act has been paid in respect of any land in accordance with the provisions of this Act, no further claim against the Corporation either by the person to whom such compensation was paid or by any other person shall be allowed and no action shall be instituted against the Corporation in any court in respect of such further claim.". |
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Sri Lanka Consolidated Acts