Amendment status not verified — confirm the current text below against the official source.
Repeal and savings. * * * * 2 STATEMENT OF OBJECTS AND REASONS I Act 23 of 1963.- In the different areas of the new State of Mysore there are different laws in force relating to Treasure Trove. In the Bombay Area, Madras Area and Coorg District, the Indian Treasure Trove Act, 1878 (Central Act VI of 1878), is in force. In the Mysore Area and the Hyderabad Area, the Mysore Treasure Trove Act, 1910, and the Hyderabad Treasure Trove Act, 1322 F. (Hyderabad Act III of 1322 F.), respectively, are in force. It is considered desirable to have a uniform law applicable to the whole of the new State. Hence this Bill. The salient provisions of the Bill are as follows:— Whenever any treasure, that is, anything exceeding in amount or value rupees ten hidden in the soil or anything affixed to land is found, the finder thereof and the owner and occupier of the place in which the treasure is found should inform the Deputy Commissioner of the finding of treasure. The Deputy Commissioner will report the particulars to Government, the Director of Archaeology and the prescribed officer and publish a notification of the particulars and call upon persons interested in the treasure to appear for an inquiry. The Deputy Commissioner will determine whether the treasure was hidden by any person within one hundred years, and if any person claims the treasure and such person establishes his right by suit in a Civil Court, the treasure will be given to him. But if the Deputy Commissioner finds that the treasure was hidden more than one hundred years before it was found or no suit instituted as aforesaid of such suit is dismissed, the Deputy Commissioner may declare the treasure as ownerless. When such a declaration is made, if no person has claimed the treasure as owner of the place in which it was found, it shall be given to the finder; if any person claims it as owner of the place, the treasure should be divided between the finder the owner in equal shares, the finder not being entitled to more than one lakh of rupees, unless the parties agree to any other mode of division. The State Government may also acquire the treasure on payment of value of the material thereof together with one-fifth of such value. Persons contravening the provisions of the Bill are liable to punishment on conviction. (Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 21st June 1962 at page. 284.) 3 1[KARNATAKA]1 ACT No. 23 OF 1963 (First published in the 1[Karnataka Gazette]1 on the Twenty-seventh day of June, 1963.) THE 1[KARNATAKA]1 TREASURE TROVE ACT, 1962 (Received the assent of the President on the Twenty-first day of February, 1963.) An Act to consolidate and amend the law relating to treasure trove in the 1[State of Karnataka]1. WHEREAS it is expedient to consolidate and amend the law relating to treasure trove in the 1[State of Karnataka]1; BE it enacted by the 1[Karnataka]1 State Legislature in the Thirteenth Year of the Republic of India as follows:—