Bare ActsIndian Copper Corporation (Acquisition of Undertaking) Act, 1972

Section 11

Amount to be paid for transfer and vesting of the undertaking of the company.--

Amendment status not verified — confirm the current text below against the official source.

(1) The company shall be given by the Central Government, in cash, an amount of rupees seven and a half crores, for vesting in it, under Section 4, of the undertaking of the company. (2) The amount payable under sub-section (1) shall carry simple interest at the rate of four per cent. per annum from the appointed day.

Section 11 – Indian Copper Corporation (Acquisition of Undertaking) Act, 1972 | DailyLaw.ai