Section 17 in The Hindustan Tractors Limited (Acquisition and Transfer of undertaking) Act, 1978
17. Payment by the central Government to the Commissioner.
(1)The Central Government shall, within thirty days from the specified [date] [24.3.1982 Vide Notification No. S.O. 175(E) dt. 24.3.1982 ], pay, in cash, to the Commissioner, for payment to the Company--(a)an amount equal to the amount specified in section 8, and(b)an amount equal to the amount payable to the Company under section 9.(2)A deposit account shall be opened by the Central Government in favour of the Commissioner, in the Public Account of India, and every amount paid under this Act to the Commissioner shall be deposited by him to the credit to the said deposit account and thereafter the said deposit account shall be operated by the Commissioner.(3)The interest accruing on the amounts standing to the credit of the deposit account referred to in sub-section (2) shall enure to the benefit of the Company.
