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: Amount of compensation to be payable in transferable bonds.
The Maharashtra Merged Territories (Janjira and Bhor) Khoti Tenure Abolition Act.State Act of Maharashtra · Act 71 of 1953
Where this provision sits
| Act | The Maharashtra Merged Territories (Janjira and Bhor) Khoti Tenure Abolition Act. |
|---|---|
| Section | 18 |
| 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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