Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act : PAYMENT OF AMOUNT Indian

Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

Section : PAYMENT OF AMOUNT

SECTION 08: PAYMENT OF AMOUNT

(1) For the of the undertaking of the old the Central Government, there shall be paid by Central Government to the Custodian an amount of rupees thirty .

(2) The Custodian shall open an account in the name of the old company in any scheduled bank and credit the said amount to the said account and hold the said amount in trust for and on old company.