Section 7
Payment of amount.
The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Andhra Scientific Company Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continuity of production of scientific instruments which are vital to the needs of the country and for matters connected therewith or incidental thereto.
For the transfer to, and vesting in, the Central Government, under section
3, of the undertakings of the Company and the right, title and interest of the Company in relation to its
undertakings, there shall be given by the Central Government to the Company, in cash and in the manner
specified in Chapter VI, an amount of rupees two hundred and twenty-four lakhs and ten thousand.