The Punjab Village Common Lands Regulation Act 1961
Schedule 7 A. Lease [contranct or agreement detrimental to the Interests of Panchayat
[ [Section 10-A (2) (iii) and 15 (2) (k)].
Any lease, contract or agreement shall be deemed to be detrimental to the interest of Panchayat if :-
(i)it has been granted or made as the case may be, otherwise than by following the procedure laid down for grant of lease or the making of contracts and agreements by the Panchayat or
(ii) it adversely affects any of the development schemes of the Panchayat; or
(iii) it has resulted or is likely to result in a loss to the Panchayat or
(iv) it is Benami.