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Section 23

Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited] Ordinance,…Ordinance · 1976

(1) The Central Government may, by notification, make rules to carry out the provisions of this! Ordinance.

Power to make rules.

(2) Every rule made by the Central Government under this Ordinance shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effedt only in such modified form or be of no effect as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule- SEC. 1] THE GAZETTE OF INDIA EXTRAORDINAHY 1531 THE SCHEDULE [See section 10]

1. The amount specified in sub-section (2) of section 10 shall be deemed to Correspond to fourteen million, five hundred and sixty thousand1 dollars (hereafter in this Schedule referred to as the principal amount).

2. The amount referred to in the foregoing paragraph and the interest due thereon! shall be paid in instalments in accordance with the provisions of the Table below, namely: — (0 (»)

(ill)

(io) («) Date of payment 31-3-1977 31-3-1978 31-3-1979 31-3-1980 31-3-1981 Principal amouPt 10,080,000 1,120,000 1,120,000 1,120,000 1,120,000 Instalments in dollars Interest 642,419 268,800 179,200 89,600 Total 10,080,000 1,762,419 1,388,800 1,299,200 1,209,600 £xp7cmc#ion.—In this Schedule "dollar" means the unit of currency in the United States of America.

FAKHRUDDIN ALI AHMED, President.

K. K. SUNDARAM, Secy, to the Govt. of India.

PRINTBD BV THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1976

Where this provision sits

ActCaltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited] Ordinance, 1976
Section23
StatusIn force as published by the source

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