Bare ActsThe Thiruppuvaram Payment (Abolition)m Act 1969 (No.19 of 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.

Compensation to be paid in cash or in bonds.-The compensation payable under ~ectwn 6 may be p-ud e1ther in cash or m Government bonds carrymg mterest at the r.ttc of 4 percentum per annum and redeemable after the expnation of s1x years from tl.e date of issue of the bonds, or partly m cash and partly in such bonds, as may be prescribed.

Section 12 – The Thiruppuvaram Payment (Abolition)m Act 1969 (No.19 of 1969) | DailyLaw.ai