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

State of Puducherry - Subsection

Section 7(2) in Anglo-French Textiles Limited (Acquisition and Transfer of Textile Undertaking) Act, 1986

(2)In addition to the amount referred to in sub-section (1), there shall be given by the Government, in cash, to the owner of the textile undertaking, simple interest at the rate of four per cent per annum on the amount specified against such owner in column (4) of the First Schedule for the period commencing on the appointed day, and ending on the date on which the payment of such amount is made by the Government to the Commissioner.