Section 7

Payment of amount. Repealed

The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act, 1977

  • Act 41 of 1977
  • Ministry of Chemicals and Fertilizers
  • Department of Pharmaceuticals
About this Act

An Act to provide for, in the public interest, the acquisition and transfer of the right, title and interest of the undertakings of Messrs. Smith, Stanistreet and Company Limited, Calcutta and for matters connected therewith or incidental thereto.

All sections
    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, and amount of three crores and seventy-four thousand rupees.
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