Amendment status not verified — confirm the current text below against the official source.
( 1 ) The State Government shall, within thirty days from the specified date, pay, in cash, to the Commissioner, for payment to the shareholders of the Company- ( a ) an amount equal to the amount specified in sub-section ( 1 ) of section 4, and (b) an amount equal to the amount determined under sub-section ( 2 ) of section 4. ( 2 ) A deposit account shall be opened by the State Government in favour of the Commissioner, in the Public Account of the State, and every amount paid under this Act to the Commissioner shall be deposited by him to the credit of the said deposit account and the said deposit account shall be operated by the Commissioner. ( 3 ) The interest accruing on the amount standing to the credit of the deposit account referred to in sub-section ( 2 ), shall ensure to the benefit of the shareholders of the Company.