Title : Claims to Be Made to the Commissioner
State : Central
Year : 1981
(1) every shareholder, having a claim in relation to any share acquired by this act , shall prefer such claim before the commissioner within thirty days from the specified date. provided that if the commissioner is satisfied that the claimant was .....
View Complete Act List Judgments citing this sectionTitle : Examinations of Claims
State : Central
Year : 1981
on receipt of the claims made under section 8, the commissioner shall separately arrange the claims in relation to preference shares and in relation to the ordinary shares and examine the claims in relation to each such share.
View Complete Act List Judgments citing this sectionTitle : Admission or Rejection of Claims
State : Central
Year : 1981
(1) after examining the claims , the commissioner shall fix a certain date on before which every claimant shall file the proof of his claim of be excluded from the benefit of the disbursements made by the commissioner. (2) not less than fourteen days .....
View Complete Act List Judgments citing this sectionTitle : Disbursement of Money by the Commissioner to Claimants
State : Central
Year : 1981
(1) after admitting a claim under this act, the amount due in respect of each share acquired by virtue of this act shall be paid by the commissioner at the rate of rupees ten per preference share, and at the rate of fifty paise per ordinary share to the .....
View Complete Act List Judgments citing this sectionTitle : Undisbursed or Unclaimed Amount to Be Deposited to the General Revenue Account
State : Central
Year : 1981
any money paid to the commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the commissioner is finally wound up, shall be transferred by the commissioner before his office is finally would .....
View Complete Act List Judgments citing this sectionTitle : Power of Inspection
State : Central
Year : 1981
for the purposes of ascertaining whether any person claiming payment under this act is a shareholder, the commissioner shall have the right to- (a) require any person having the possession, custody or control, of any register or record of the company, to .....
View Complete Act List Judgments citing this sectionTitle : Power of Commissioner to Inquire into Disputes as to Amount
State : Central
Year : 1981
where there is any dispute as to the person or persons who are entitled to any amount payable under this act (including any dispute as to who are the legal representatives of any deceased claimant to the amount), the commissioner may, after making such .....
View Complete Act List Judgments citing this sectionTitle : Deposit of Amount in Court
State : Central
Year : 1981
where any dispute has been referred under section 14 by the commissioner to the civil court referred to therein, he shall deposit the amount in that court.
View Complete Act List Judgments citing this sectionTitle : Act to Have over Riding Effect
State : Central
Year : 1981
the provisions of this act shall have effect notwithstanding anything inconsistent therewith contained in any law, other than this act, or in any instrument having effect by virtue of any law, other than this act.
View Complete Act List Judgments citing this sectionTitle : Penalties
State : Central
Year : 1981
if any person,- (a) makes any claim for any payment under this act, knowing or having reason to believe that such claim is false or without any basis; or (b) when required under this act so to do,- (i) omits or fails to produce any register or record of .....
View Complete Act List Judgments citing this section