Bare ActsThe ODISHA TEXTILE, MILLS LIMITED (ACQUISITION OF SHARES) ACT, 1983

Section 10

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

(1) After admitting a claim under this Act, the amount due in respect of each share acquired by virtue of this Act sball bc paid by the Cammisrioncr money by to the person or persons t o whom such sums are due, and on such payment the liability C m d s - OF thc State Government in respect' of thc skarc so acquired shall stand discharged. donu to cldm3uts. (2) The Commissioner shall also apportion amonpt the share holders, , i the amount paid to him by way of interest under sub-section (3) of section 6 and such apportionment shall be made on the basis of the amount due to each shareholder.

Section 10 – The ODISHA TEXTILE, MILLS LIMITED (ACQUISITION OF SHARES) ACT, 1983 | DailyLaw.ai