State Act

8

Section 8. Payment by the State Government to the Commissioner.

The Infusions ( India ) Limited ( Acquisition Of Shares ) Act, 1985

Act no. 22 of 19851985In forceWest Bengal (State Act)

8. (1) The State Government shall, within thirty days from the specified date, pay, in cash, to the Commissioner, for payment to the shareholders,— (a) an amount equal to the amount calculated under sub-section (1) of section 6, and (b) an amount equal to the amount determined under sub-section (2) of section 6. (2) A deposit account shall be opened by the State Government in favour of the Commissioner, in the Public Account of the State, and every amount paid under this Act to the Commssioner 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) 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 shareholders.