Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act : PAYMENT OF AMOUNT

Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977

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 given by the Central Government to the Company, in cash, and in the manner specified in Chapter VI, an amount of three crores and seventy four thousand rupees.