Acquisition of Property Act 1961 (No. 10 of 1961).

The Act establishes the procedure for the acquisition of any real property needed for public purposes, and, in the case of immovable property, for the acquisition by freehold title or by leasehold. The procedure includes, inter alia, preliminary investigations, notice of intention to take property to the persons concerned, power to take possession. As far as the compensation to be paid to the owner is concerned, the Act establishes among other matters (a) the procedure for the settlement of disputes by the Board of Assessment; (b) the principles to be considered by the Board in determining the compensation; (c) the compensation for rents and profits; (d) the costs of the proceedings; (e) the postponement of payment of compensation; (f) the conveyance of title; (g) the effect of registration of conveyance.