16. Payment by the Central Government to the Commissioner.—
(1) The Central Government
shall, within thirty days from the specified date pay in cash to the Commissioner, for payment to the
Company, an amount equal to the amount specified in section 8 and the amounts payable to the Company
under section 9.
(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) The interests 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 Company.