Amendment status not verified — confirm the current text below against the official source.
Payment 0/ amount-(1) The occupier of every cashew factory which is acquired under this Act shall be paid by the Government an amount which shall be determined in accordance with the principles specified in the Schedule: ; _..... ..._._..__‘_______‘__‘__,__" n..,.._,,; 5:- A.. Pow" to acquire an) cashcwfadaij in public interest -—(1) Not- withstanding anything contained in section 3, if the Government ar satisfied, in relation (0 a cashew factory, that it has been- clr sed for c ll period of not less than three months and such closure has preludiciaua affected the interest of the majority of the workers outraged m 11“); factory and that immediate action is necessary to restaart the Cashew 5—: ~ factory and such restarting lS necessary in the public interesi, they rna, it i by order published in the Gazelle, declare, that the cashew factor: . ‘ shall stand transferred to, and vest in, the Government. y Provided that no order under this sub-section shall be bl h unless the proposal for such acquisition is su t d pu ‘15 ed the Legislative Assembly. ppor e by a ”50mm“ or I l ‘ ‘ (2) The provisions of sub-section (3) of section 3 and ‘ a shall, as far as may be, apply to a_ declaration made 1111:3123}: ‘\ auction (1), as they apply to a declaration made under sub-section (1) of section 3 —'v (3) The provisions of section 7 to 16 (both inclusiv . c shall, far as may be, apply to, or in relation to, the cashew fa)ctory lax: respect of which a declaration has been made under sub-section (1’) its 33.35;? Govemmenltl; ails the case may be, as they apply to a cashew re 3 ion to ' ’ section (1)0fscczion ‘33 c a declaration has been made under sub- _ (7)“Th'e' aniofifit'détermmed‘in cocci-dine} \Tzith‘tne ioregomg‘ provnions shall he paid to the person or persons entitled thereto .n cash within a period of six months froth‘hA (“$4,133.5th peter- . urination: ”End 9:13 101 brim inabivom e bndzild yam-emu! [’7 m" ‘95“ 06‘ ”8’5" w cf" 2.9-2.4??? I I'll Provided .that if the amount is not paid Within the period aforesaid, the Government shall pay interest on the amount at the rate of four per cent per annum from the date of expiry of the said period.