Section 7:
Interest.
The amount referred to in clause (i) or clause (ii) of sub-section (1) of section 6 as
reduced by the deduction under that section, shall, if not paid to the company concerned before the expiry
of the period specified in the said sub-section, carry simple interest at the rate of four per cent. per annum
for the period commencing on the appointed day and ending on the date on which payment of such
amount as so reduced is made by the Central Government to that company:
Provided that if the amount as so reduced is tendered to the specified company but not accepted by it,
no interest shall run from the date of such tender.