Bare ActsThe Jenmikaram Payment (Abolition) Act, 1960

Section 5

Compensatzon to be paid zn cash or in bonds"

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

Compensatzon to be paid zn cash or in bonds".-The compensation pay- able under section 4 may be paid either in cash or in Government bonds carrying 4 per centum interest per annum and redeemable at the expiration of 6 years from the date of is~ue of boRds or partly in cash and partly in bonds, as may be prescribed.

Section 5 – The Jenmikaram Payment (Abolition) Act, 1960 | DailyLaw.ai