We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
(1) The Central Government
shall, within thirty days from the specified date, pay, in cash, to the Commissioner, for payment to the
Company the amounts specified in section 8.
(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 of the said deposit account and the said deposit account shall be operated
by the Commissioner.
(3) Records shall be maintained by the Commissioner in respect of the undertakings of the Company
and the shares held by it in the specified companies, in relation to which payment has been made to him
under this Act.
(4) The interest accruing on the amount standing to the credit of the deposit account referred to in
sub-section (2) shall enure to the benefit of the Company.
Download our fully-offline, High speed android app.- Click here