Section 6(2)(a) in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

[Cites 0, Cited by 0] [Section 6(2)] [Section 6] [Entire Act]

Union of India - Subsection

Section 6(2)(a) in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

(a)in cash (to be paid by cheque drawn on the Reserve Bank) in three equal annual installments, the amount of each installment carrying interest at the rate of five and a half per cent. per annum from the commencement of this Act; or

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Union of India - Subsection

Section 6(2)(a) in The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980