Procedure for restoration
4. (1) A person who seeks restoration of agricultural land transferred by him during the period of economic distress for reasons of such distress may, within a period of six months from the commencement of this Ordinance, make an application to the authorised officer for the restoration of the land so transferred stating therein-
(a) the name of the transferee and, if such land is in possession of any person other than the transferee, the name of that person;
(b) the date of transfer;
(c) the amount of consideration of such land.
(2) Upon receipt of an application under sub-section (1), the authorised officer shall, if he is satisfied after giving the transferee an opportunity of being heard that the land to which the application relates is liable to be restored under section 3, by order in writing,-
(a) direct the transferee to restore the land to the applicant and do such other acts that may be necessary for effective restoration as may be specified in order; and
(b) for the purpose of payment to the transferee direct the applicant to pay in such manner as may be specified in the order,-
(i) one-sixth of the amount of consideration for which the land was transferred by the applicant in cash, by date specified in the order; and
(ii) the remaining five-sixths of the said amount of consideration together with interest on such amount at the rate of six and one-fourth per cent per annum from the date of the receipt of the amount by the applicant on account of the transfer of the land less the sum determined by the authorised officer of the net income, if any, derived from the land by the transferee, by five annual equal instalments:
Provided that the first of the aforesaid instalments shall be payable on a date not later than the first day of Baishakh next following the date of the order.