Braithwaite and Company (India) Limited (Acquisition and Transfer ofUndertakings) Act : PAYMENT OF AMOUNT

Braithwaite and Company (India) Limited (Acquisition and Transfer ofUndertakings) Act,1976

Act No : 96

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 rupees sixteen crores and twenty-five lakhs.