Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act : PAYMENT OF AMOUNT Indian

Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act,1983

Act No : 41

Section : PAYMENT OF AMOUNT

SECTION 07: PAYMENT OF AMOUNT

For the transfer to, and vesting in, the Central Government, under section 3-, of the undertakings of the Company and the right, title and interest of the Company in relation to its undertakings, there shall be paid by the Central Government to the Company, in cash, and in the manner specified in Chapter VI, an amount of rupees seventy-eight lakhs and twenty six thousand.