Chaparmukh Silghat Railway Line and the Katakhal Lalabazar Railway Line (Nationalisation) Act : INTEREST

Chaparmukh Silghat Railway Line and the Katakhal Lalabazar Railway Line (Nationalisation) Act,1982

Act No : 36

Section : INTEREST

SECTION 07: INTEREST

The amount referred to in clause (i) or clause (ii) of sub-section (1) of section 6-as reduced by the deduction under that section, shall, if not paid to the company concerned before the expiry of the period specified in the said sub-section, carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amount as so reduced is made by the Central Government to that company:

Provided that if the amount as so reduced is tendered to the specified company but not accepted by it, ncr interest shall run from the date of such tender.