Bare ActsThiruppuvaram Payment (Abolition) Act, 1969

Section 12

Compensation to be paid in cash or in bonds

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

The compensation payable under section 6 may be paid either in cash or in Government bonds carrying interest at the rate of 4 percentum per annum and redeemable after the expiration of six years from the date of issue of the bonds, r partly in cash and partly in such bonds, as may be prescribed.

Section 12 – Thiruppuvaram Payment (Abolition) Act, 1969 | DailyLaw.ai