Konkan Passenger Ships (Acquisition) Act : PAYMENT OF AMOUNT Indian Bare Acts :

Konkan Passenger Ships (Acquisition) Act,1973

Act No : 62

Section : PAYMENT OF AMOUNT

SECTION 10: PAYMENT OF AMOUNT

(1) The company shall be given by the Central Government, in cash,-

(a) for the vesting in it, under section 3-, of the ownership of the Konkan passenger ships, and

(b) for the vesting in it, under section 6-, of the rights specified therein, an amount equal to a sum of rupees ninety lakhs.

(2) In addition to the amount specified in sub-section (1), the Central Government shall reimburse the company to the extent of the expenses actually incurred by it for the annual survey of the Konkan passenger ships for the year 1973.