Bare ActsThe Maharashtra Merged Territories (Janjira and Bhor) Khoti Tenure Abolition Act.

Section 18

Amount of compensation to be payable in transferable bonds.

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

The amount of compensation payable under the provisions of this Act shall be payable in transferable bonds carrying interest at the rate of three per cent. per annum from the date of the issue of such bonds and shall be repayable during the period of twenty years from the date of the issue of such bonds by equated annual installments of principal and interest. The bonds shall be of such denominations and shall be in such forms as may be prescribed.

Section 18 – The Maharashtra Merged Territories (Janjira and Bhor) Khoti Tenure Abolition Act. | DailyLaw.ai