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[Cites 0, Cited by 0] [Section 7] [Entire Act]

British India - Subsection

Section 7(1) in British India Corporation Limited (Acquisition of Shares) Act, 1981

(1)The central government shall, within thirty days from the specified date,pay, in cash, to the commissioner, for payment to the shareholders of the company;-
(a)an amount equal to the amount specified in sub-section (1) of section 5 ; and
(b)an amount equal to the amount determined under sub-section (2) of section 5.