(2) Every tea company shall be given, by the Central Government, per annum, for the deprivation of the management of its sick tea unit, an amount as is specified against the name of that sick tea unit in column (5) of the First 8>chftduler for the period commencing on the date on which the management of such sick tea unit was taken -over in pursuance of the order made by the Central Government under the provisions of the Tea Act, 1953 and ending on the appointed day.
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(2) Every amount specified in columns (4)- fnd (5) of the First Schedule shall carry simple interest at the rate of four per cent, per anrium for the period commeneing on the appointed day and ending on the date on which the payment of such amount is made bjY t̂he Central Government to the Commissioner.
29 of 1953.
SEC. l j THE GAZETTE OF INDIA EXTRAORDINARY 5 Management, etc., of the sick tea units of the tea companies Duty of persons in charge of management of the sick tea units to deliver all assets, etc, Duty of persons to account for assets, etc., in their possession.
Continuance of employees.
(3) The amounts determined in relation to any tea company in accordance with the provisions of sub-section (2) shall be given by the Central Government to the tea company in addition to the amounts specified in columns (4) and (5) of the First Schedule against that company.
CHAPTER IV MANAGEMENT, ETC., OF THE SICK TEA UNITS OF THE TEA COMPANIES 8, The Tea Trading Corporation or any person which that Corporation may, by order in writing, specify, shall be entitled to exercise the powers of general superintendancer direction, control and management of the affairs any business of a sick tea unit, the right, title and interest of the tea company in relation to which have vested in the Corporation under sub-section (2) of section 3, and do all such things as the tea company of the sick tea unit is authorised to exercise and do.
9. (/) On the vesting of the management of the sick tea units of the tea companies in the Tea Trading Corporation, the persons in charge of the management of such sick tea units immediately before such vesting shall be bound to deliver to the Tea Trading Corporation all assets, books of account, registers and all other documents in their custody relating to such sick tea units.
(2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to the Tea Trading Corporation and the said Corporation may also, if it is considered necessary so to do, apply to the Central Government at any time for instructions as to the manner in which the management of the sick tea units of the tea companies shall be conducted or in relation to any other matter arising in the course of such management.