Whenever the assessment of a mahal has been accepted under this Act, the persons who have accepted it shall be bound to pay the amount thereof from such date and for such term as the Chief Commissioner may appoint in this behalf, or, if at the expiry of that term no new assessment has been made and is ready to take effect, until a new assessment has been made and is ready to take effect: Provided as follows: --
     Assessmemt may be rescinded by Chief Commissioner; or by Governor General in Council.
     1st---any assessment may be rescinded by the Chief Commissioner at any time before it has been confirmed by the Governor General in Council;
     2ndly---the Governor General in Council may rescind any assessment submitted to him for confirmation;
     Malguzrs may object to continuance of assessment beyond term of settlement.
     3rdly--if all the malguzars of a mahal, six months before the expiry of the term fixed under this section, apply in writing to the Deputy Commissioner stating that they are unwilling that the assessment should continue in force beyond the expiry of such term, the assessment shall, on the expiry of such term, cease to be in force.