Bare ActsThe ANGLO-FRENCH TEXTILES LIMITED (ACQUISITION AND TRANSFER OFTEXTILE UNDERTAKING) ACT, 1986

Section 12

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

(1) For the purpose of disbursing the amounts payable to the owner of textile undertaking, the Government shall, by notification in the Official Gazette, appoint such person as it may think fit to be the Commissioner of Payments. (2) The Government may appoint such other persons as it may think fit to assist the Commissioner and thereupon the Commissioner may authorise one or more of such persons to also exercise all or any of the powers exercisable by him under this Act, and different persons may be authorised to exercise different powers. (3) Any person authorised by the Commissioner to exercise any powers may exercise those powers in the same manner and with the same effect as if they have been conferred on that person directly by this Act and not by way of authorisation. (4) The salaries and allowances of the Commissioner and other persons appointed under this section shall be defrayed out of the Consolidated Fund of the Union territory of Puducherry. Payment by the Government to the Commissioner

Section 12 – The ANGLO-FRENCH TEXTILES LIMITED (ACQUISITION AND TRANSFER OFTEXTILE UNDERTAKING) ACT, 1986 | DailyLaw.ai