Bare ActsThe UTTAR PRADESH STATE CEMENT CORPORATION LIMITED (ACQUISITION OF SHARES) ACT, 1992

Section 5

Delivery of share certificates

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

(1) Any person who is in possession of the share certificates relating to the shares transferred to and vested in the State Government by virtue of section 3 shall deliver the share certificates to the State Government immediately and not later than thirty days from the commencement of this Act. (2) Without prejudice to the provisions of section 6, the persons responsible for the non-delivery or delay in delivery of the share certificates as required in sub-section (1) shall be liable to compensate the State Government for any loss suffered by it due to such non-delivery or delay in delivery of the share certificates

Section 5 – The UTTAR PRADESH STATE CEMENT CORPORATION LIMITED (ACQUISITION OF SHARES) ACT, 1992 | DailyLaw.ai