Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act : PAYMENT BY THE

Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act,1987

Act No : 16

Section : PAYMENT BY THE CENTRAL GOVERNMENT TO THE COMMISSIONER

SECTION 09: PAYMENT BY THE CENTRAL GOVERNMENT TO THE COMMISSIONER

(2) A deposit account shall be opened by the Central Government, in favour of the Commissioner, in the Public Account of India, and every amount paid under this Act to the Commissioner shall be deposited by him to the credit of the said deposit account and the said deposit account shall be operated by the Commissioner.

(3) Records shall be maintained by the Commissioner in respect of each of the concession holder in relation to which payments have been made to him under this Act.

(4) Interest accruing on the amount standing to the credit of the deposit account referred to in sub-section (2) shall enure to the benefit of the concession holders.