Payment of further amount

Payment of further amount.—(1) Where the Central Government proposes to acquire any textile undertaking, the amount specified in section 7 or, as the case may be, section 8 shall be deemed to be the amount representing the value of the textile undertaking as on the appointed day.

1. (2) In addition to the amount referred to in sub-section (1), there shall be given by the Central Government to the owner of each textile undertaking, simple interest at the rate of four per cent. per annum on the said amount for the period commencing on the appointed day and ending on the date on which the payment of such amount is made by the Central Government to the Commissioner.
2. (3) The further amount payable by the Central Government to the owner of each textile undertaking shall be determined in accordance with the principles specified in the Schedule.