(1) Subject to the provisions of sub-section (4) of section 9, the State Government shall, within thirty days from the specified date, pay, in cash, to the Commissioner, for payment to the Company,—
(a) the first instalment of the amount specified in section 8, and 213 Provident fund and other funds.
Appointment of Commissioner of Payments.
Payment by State Government to the Commissioner.
The Saraswaty Press Limited (Acquisition and Transfer of Undertakings) Act, 1984.
[West Ben. Act (Chapter VI.—Commissioner of Payments.—Sections 17, 18.)
(b) the first instalment of the amounts payable to the Company under section 9:
Provided that twelve months shall not intervene between the date of payment of one instalment and the date of payment of the next instalment.
(2) A deposit account shall be opened by the State Government in favour of the Commissioner in the Public Account of the State, and every amount paid under this Act to the Commissioner shall be deposited by him to the credit of the said deposit account and the said deposit account shall be operated by the Commissioner.
(3) Interest accruing on the amounts standing in the credit of the deposit account referred to in sub-section (2) shall enure to the said account.
Certain powers of State Government or existing or new, Government company.
Claims to be made to the Commissioner.