section 9
Deductions from the payable amount
The Kerala Co-Operative Hospital Complex, the Academy of Mecical sciences and Allied Institutions (Taking over and Administration) Act, 2019Health201917 sections
Statutory text
—The Government shall be entitled to deduct the following sums from the amount specified in section 8, namely:—
- (a) amount, to be repaid by the societies from amount so far given by the Government;
- (b) all amounts and its interest due to the Government from the societies;
- (c) the amount due to any financial institutions to which societies are indebted, which are repaid by the Government on behalf of the societies in that account;
- (d) amount spent by the Government, by any other means, for the societies or establishments;
- (e) the balance amount of loan which are availed by the societies from various financial institutions, on Government guarantee or otherwise, its interest and guarantee commission;
- (f) any other amount determined by the Special Officer to be repaid as a result of vesting of the establishments in the Government as per section 4.
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