Section 4
Payment of amount.
The Lady Hardinge Medical College and Hospital (Acquisition and Miscellaneous Provisions) Act, 1977
About this Act
An Act to provide for the acquisition of the Lady Hardinge Medical College and Hospital and for the management of the Kalavati Saran Hospital, with a view to ensuring better facilities for higher medical education for women and medical facilities for women and children in the Union territory of Delhi and for matters connected therewith or incidental thereto.
(1) The Central Government shall give, in cash, to the Treasurer an amount
equivalent to the sum of rupees one lakh for the transfer to, and vesting in, the Central Government, under
section 3, of the Lady Hardinge Medical College and Hospital.
(2) The amount, referred to in sub-section (1), shall be paid within three months from the appointed day (hereafter in this section referred to as the specified period).
(3) The amount, referred to in sub-section (1), if not paid within the specified period, shall carry interest at the rate of four per cent. per annum from the date of expiry of the specified period until the payment thereof
(2) The amount, referred to in sub-section (1), shall be paid within three months from the appointed day (hereafter in this section referred to as the specified period).
(3) The amount, referred to in sub-section (1), if not paid within the specified period, shall carry interest at the rate of four per cent. per annum from the date of expiry of the specified period until the payment thereof