Agency Divisional officer or the prescribed officer, as the case may be by order, take over such land on payment of compensation in accordance with the principles specified in Section 10 of the Andhra Pradesh Ceiling on Agricultural Holdings Act, 1961, (Act, X of 1961), and such land shall thereupon vest in the State Government free from all encumbrances and shall be disposed of in favour of members of the Scheduled Tribes or a society registered or deemed to be registered under the Andhra Pradesh Co operative Societies Act, 1964 (Act 7 of 1964 composed solely of members of the Scheduled Tribes or in such other manner and subject to such conditions as may be prescribed.] 449 Regulation No. 1 of 1970 inserts sub section (4) in Section 3 whereby 'transfer ' has been defined to include a sale in execution of a decree including a benami transaction.