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 11: Amount of compensation to be payable in transferable bonds.
The Maharashtra Service Inams (Useful to Community) Abolition Act.State Act of Maharashtra · Act 70 of 1953
Where this provision sits
| Act | The Maharashtra Service Inams (Useful to Community) Abolition Act. |
|---|---|
| Section | 11 |
| Marginal note | Amount of compensation to be payable in transferable bonds. |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
- Search 49,000+ Central and State enactments by what a provision says, not by its number
- Jump from any section to every judgment that has applied it
- Search 300 million+ Indian court records alongside the statute
- Ask a research agent to find and read the case law on a provision for you
Free account. No card. About a minute to create.
Create a free accountNeed this as data, not as a page? The Maharashtra Service Inams (Useful to Community) Abolition Act. is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.