Section 8: Payment of amount.

The National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980Central Act · Act 42 of 1980

(1) For the transfer to, and vesting in, the Central Government, under section 3, of the undertakings of the Company, and the right, title and interest of the Company in relation to such undertakings, there shall be given by the Central Government to the Company in cash and in the manner specified in Chapter VI, an amount of rupees ten crores and four lakhs.

(2) For the removal of doubts, it is hereby declared that the liabilities of the Company, in relation to its undertakings, shall be met, in accordance with the rights and interests of the creditors of the Company, from the amount due to the Company under sub-section (1).

Where this provision sits

Act	The National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980
Section	8
Marginal note	Payment of amount.
Jurisdiction	Central
Status	In force as published by the source

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