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Section 15

Gresham and Craven of India (Private) Limited (Acquisition' and Transfer ofUndertakings) Ordinance, 1977Ordinance · 1977

(1) The Central Government shall, within thirty davs from the ( specified date, pay, in cash, to the Commissioner, for payment to the t Company— '

(a) an amount equal to the amount specified m section 8, and

(b) an amount equal to the amount payable to the Company under section 9

(2) A deposit account shall be opened by the Central Government in favour of the Commissioner, in the Public Account of India, and every amount paid under this Ordinance 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 enure to the benefit of the Company.

Where this provision sits

ActGresham and Craven of India (Private) Limited (Acquisition' and Transfer ofUndertakings) Ordinance, 1977
Section15
StatusIn force as published by the source

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