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[Cites 0, Cited by 0] [Section 24] [Entire Act]

State of Gujarat - Subsection

Section 24(ii) in Gujarat Surviving Alienations Abolition Act, 1963

(ii)if it exceeds Rs. 1000, shall be payable in cash upto a sum of Rs. 1000 the balance being payable in transferable bonds which shall carry interest at the rate of three percent per annum from the date of issue and be repayable during such period not exceeding twenty years from the said date as may he prescribed by equated annual instatements of principal and interest. The bonds shall be of such denomination and in such form as may be prescribed: