Bare Act Search Results

Companies Unpaid Dividend (Transfer to General Revenue Account of the Central Government) Rules, 1978 Complete Act

State: Central

Year: 1978

.....the claimant is entitled to the money claimed by him. (3) Where the claimant's title to the aforesaid money has been established to the satisfaction of the Registrar of Companies, the Registrar of Companies may direct the claimant (not being the Central Government, a State Government, a Government company within the meaning of section 617 of the Act or a public financial institution within the meaning of section 4A of the Act or a local authority) to execute an indemnity bond with or without surety in Form III, or as near thereto as may be, on a non-judicial stamp paper of the value payable in the state of execution. (4) On receipt of the indemnity bond, if any duly executed by the claimant, the Registrar of Companies shall issue a payment order in Part B of Form II sanctioning the payment of the amount due to the claimant giving directions to the Pay and Accounts Officer of the Department of Company Affairs to issue a cheque in favour of the claimant and the pay and Accounts Officer shall draw the cheque accordingly and send it to the Registrar of Companies. TABLE (5) Notwithstanding anything contained in sub-rules (3) and (4), the Registrar of Companies may, where.....