Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act : PAYMENT OF AMOUNT

Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986

Act No : 30

Section : PAYMENT OF AMOUNT

SECTION 08: PAYMENT OF AMOUNT

-For the transfer to, and vesting in, the Central Government, under Section 3-, of the textile undertakings of the Company, and the right, title and interest of the Company in relation to such undertakings, there shall be given by the Central Government to the Company in cash and in the manner specified in Chapter VI, an amount of rupees twenty-four crores and thirty-two lakhs.