The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act

Appointment of Commissioner of Payments

Payment by Central Government to the Commissioner

Certain powers of the Central Government or Government company

Claims to be made to the Commissioner

Priority of claims

Examination of claims

Admission or rejection of claims

Disbursement of money by the Commissioner

Disbursement of amounts to the Company

Undisbursed or unclaimed amount to be deposited with the general revenue account


COMMISSIONER OF PAYMENT


After admitting a claim under this Act, the
amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom
such amount is due, and on such payment, the liability of the Company in respect of such claim shall
stand discharged.

LAWGIST

# 22 Disbursement of money by the Commissioner