Amendment status not verified — confirm the current text below against the official source.
(1) The State Government shall, for the purpose of disbursing the rrmounts of Cornmi- 1 ,i., of payable to share holders of the Company under section 4, by notihation ~ u m a f s . appoint a Commissioner of Payments. j (2) The State Goverj~ment may appoint such other persons as it may ' think M to assist the Commissioner and thereupon the Commigsioner may authorise I one or more of such persons also to exercise all or any of the powers exer- .cisable by him under this Act and different persons may be authorised to exercise diRerent powers. I ' , , , . (3) Any pecson authorised by the Commissioner to exercise any of the powers exercisabIe by the Commissioncr may exercise those powcrs in the same manner and to the same effect as if they have been confmed on that pmon directly by this Act and not by way of authorisation. , (4) The' ralarier and allowances of the ~ommis~ioncr and other persons a p p o d i under this section shaIl be deftayed out of the Consolidated Fund of the State; . . paymen; by