Bare ActsThe Central India Spinning, Weaving and Manufacturing Company Limited, the Empress Mills, Nagpur (Acquisition and Transfer of Undertaking) Act, 1986

Section 24

Amendment status not verified — confirm the current text below against the official source.

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 wound up, to the general revenue account of the State Government ; but a claim to any money so transferred may be preferred to the State Government by the person intitled 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 claim, being treated as an order for the refund of revenue. Disburse- ment of money by Commis- sioner to claimants. Disburse- ment of amounts to proprietors. Possession of machinery etc. not belonging t o proprietors to continue. Undisbursed or unclaimed amount to be deposited with general revenue account. XLV of

Section 24 – The Central India Spinning, Weaving and Manufacturing Company Limited, the Empress Mills, Nagpur (Acquisition and Transfer of Undertaking) Act, 1986 | DailyLaw.ai