Section 19 in The Cotton Ginning and Pressing Factories (Maharashtra Provision for Uniform Application and Amendment) Act, 1961
19. Amount of compensation to be payable in transferable bonds.
- The amount of compensation payable under the provisions of this Regulation shall be payable in transferable bonds which shall carry interest at the rate of three per cent per annum from the date of the issue of such bonds, and which 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, shall be in such forms, as may be prescribed.
