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Section 4: Payment of amounts.

The Pulgaon Cotton Mills Limited (Acquisition of Shares) Act, 1982State Act of Maharashtra · Act 34 of 1982

(1) For the transfer to, and vesting in, the State Government, under section 3, of the shares of the Company, there shall be given by the State Government to the shareholders of the Company, in cash and in the manner specified in section 6, an amount of rupees four per share.

(2) The amount referred to in sub-section (1) shall carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the State Government to the Commissioner.

Where this provision sits

ActThe Pulgaon Cotton Mills Limited (Acquisition of Shares) Act, 1982
Section4
Marginal notePayment of amounts.
JurisdictionState of Maharashtra
StatusIn force as published by the source

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