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 a period of twenty years from the date of the issue of such bonds by equated annual instalments of principal and interest. The bonds shall be of such denominations and shall be in such forms as may be prescribed.
Section 9: Amount of compensation to be payable in transferable bonds.
The Maharashtra Kauli and Katuban Tenures (Abolition) Act.State Act of Maharashtra · Act 44 of 1953
Where this provision sits
| Act | The Maharashtra Kauli and Katuban Tenures (Abolition) Act. |
|---|---|
| Section | 9 |
| Marginal note | Amount of compensation to be payable in transferable bonds. |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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