Title : Power of State Government to Direct Vesting of the Estate in the Board
State : Karnataka
Year : 1996
(1) Notwithstanding anything contained in sections 3 and 4, the State Government shall direct by notification, that the Estate which was vested in the State Government under section 3, shall instead of continuing to vest in the State Government, vest in the Board with effect from the appointed day. (2) Where the right, title and interest in relation to the Estate vest in the Board under sub-section (1) the Board shall on and from the date of such vesting be deemed to have become the owner in relation to such Estate and all the rights and liabilities of the State Government under the Act on and from the date of such vesting be deemed to have become the rights and liabilities of the Board. View Complete Act List Judgments citing this sectionTitle : Payment of Further Amounts
State : Karnataka
Year : 1996
(1) The amount specified in section 7 shall carry simple interest at the rate of four percent per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the State Government to the Commissioner. (2) The amount determined in accordance with the provisions of sub-section (1) shall be given by the State Government to the owners, transferees and such other persons entitled thereto, as the case may be, in addition to the amount specified in section 7. (3) For the removal of doubts it is hereby declared that the liability of the owners or transferees in relation to the Estate which has vested in the State Government under section 3 shall be discharged from out of the amount referred to in section 7 and also from out of the..... View Complete Act List Judgments citing this sectionTitle : Claims to Be Made to the Commissioner
State : Karnataka
Year : 1996
Every person having a claim with regard to any of the matters specified in Schedule II in relation to the Estate before the appointed day 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 prevented by sufficient cause from preferring the claim within the said period of thirty days, he may entertain the claim within a further period of thirty days and not thereafter. View Complete Act List Judgments citing this sectionTitle : Undisbursed or Unclaimed Amount to Be Deposited to the General Revenue Account
State : Karnataka
Year : 1996
Any amount paid to the Commissioner which remains undisbursed or unclaimed on the date immediately proceeding the date on which the office of the Commissioner is finally wound up, shall be transferred by the Commissioner, to the General Revenue Account of the State Government: but a claim to any amount so transferred may be preferred to the State Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made and the order, if any, for payment of the claims being treated as an order for the refund of revenue. View Complete Act List Judgments citing this sectionTitle : The Board of Trustees
State : Karnataka
Year : 1996
(1) There shall be a Board of Trustees for the administration and management of the Estate, consisting of the following:- 1. The Chief Secretary to Government of Karnataka. ...Chairman 2. The Principal Secretary to Government, Revenue department, Government of Karnataka. ...Member 3. The Secretary to Government, . Department of Law, Government of Karnataka. ...Member 4. The Secretary to Government, . Incharge of Forest Department, Government of Karnataka. ...Member 5. The Secretary to Government, Agriculture and Horticulture Department, Government of Karnataka. ... Member 6. The Secretary to Government, Kannada and Culture Department, Government of Karnataka. ... Member 7. A..... View Complete Act List Judgments citing this sectionTitle : Contract to Cease to Have Effect Unless Ratified by Board
State : Karnataka
Year : 1996
Every contract entered into by the owners or the transferees, in relation to the Estate which has vested in the State Government under section 3 and in force immediately before the appointed day, shall on and from the expiry of thirty days from the appointed day, cease to have effect unless such contract is, before the expiry of that period, ratified in writing by the Board and in ratifying such contract, the Board may make such alteration or modification therein, as it may think fit: Provided that the Board shall not omit to ratify a contract and shall not make any alteration or modification in a contract,- (a) unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interest of the Board: (b) except after giving..... View Complete Act List Judgments citing this sectionTitle : Penalties
State : Karnataka
Year : 1996
Any person who,- (a) having in his possession or custody or control any property forming part of the Estate wrongfully withholds such property from the State Government or the Board; or (b) wrongfully obtains possession or retains any property forming part of the Estate; or (c) wilfully withholds or fails to furnish to the State Government or the Board or to any person or body of persons specified by the State Government or the Board, as the case may be, any document or inventory relating to the Estate which may be in his possession, custody or control; or (d) wrongfully removes or destroys any property forming part of the Estate; or (e) prefers any claim under this Act which he knows or has reasonable cause to believe to be false or grossly inaccurate; shall be punishable..... View Complete Act List Judgments citing this sectionTitle : Duty of Persons to Account for Assets. Etc., in their Possession
State : Karnataka
Year : 1996
(1) Any person who has, on the appointed day, in his possession or under his control, any assets, books, documents and other paper relating to the Estate which has vested in the State Government or in the Board under this Act and which belong to the owners or transferees or would have so belonged if the Estate had not vested in the State Government or the Board shall be liable to account for the said assets, books, documents and other papers to the State Government or the Board or such person or persons as the State Government or the Board may specify in this behalf. (2) The State Government or the Board may take or cause to be taken all necessary steps for securing possession of the Estate which has vested in the State Government or the Board under this Act. (3) The owners or..... View Complete Act List Judgments citing this sectionTitle : Certain Powers of the State Government and the Board
State : Karnataka
Year : 1996
(1) The State Government or the Board, as the case may be, shall be entitled to receive upto the appointed day to the exclusion of all other persons any money due in respect of the Estate which has vested in the State Government or the Board, and realised after the appointed day, notwithstanding that the realisation pertains to a period prior to the appointed day. (2) The State Government or the Board, as the case may be, may make a claim to the Commissioner with regard to every payment made by the State Government or the Board after the appointed day for discharging any liability of the owners or transferees in relation to the Estate, in respect of any period prior to the appointed day and every such claim shall have priority in accordance with the priorities attached under this Act..... View Complete Act List Judgments citing this sectionTitle : Priority of Claims
State : Karnataka
Year : 1996
The claims made under section 15 shall have priorities in accordance with the following principles, namely:- (a) Category I shall have precedence over all other categories and Category II shall have precedence over category-III and so on; (b) the claims specified in each of the categories shall rank equally and be paid in full, but if the amount is insufficient to meet such claims in full, they shall abate in equal proportions and be paid accordingly; and (c) the question of discharging any liability with regard to a matter specified in a lower category shall arise only if surplus is left after meeting all the liabilities specified in the immediately higher category. View Complete Act List Judgments citing this section