Section 9(1)(b) in Tamil Nadu Fleet Operators Stage Carriages (Acquisition) Act, 1971

[Cites 0, Cited by 0] [Section 9(1)] [Section 9] [Entire Act]

State of Tamilnadu - Subsection

Section 9(1)(b) in Tamil Nadu Fleet Operators Stage Carriages (Acquisition) Act, 1971

(b)in saleable or otherwise transferable promissory notes or stock certificates of the Government Issued and repayable at par, and maturing at the end of -

(i)ten years from the notified date and carrying interest from such date at the rate of six and a half per cent per annum, or

(ii)thirty years from the notified date and carrying interest from such date at the rate of seven and a half per cent per annum, or

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State of Tamilnadu - Subsection

Section 9(1)(b) in Tamil Nadu Fleet Operators Stage Carriages (Acquisition) Act, 1971