# 11 Disbursement of money by the Commissioner to claimants
(1) After admitting a claim under this Act, the amount due in respect of each share acquired by virtue of this Act shall be paid by the Commissioner at the rate of rupees ten per preference share, and at the rate of fifty paise per ordinary share to the person or persons to whom such sums are due, and on such payment, the liability of the Central Government in respect of the share so acquired shall stand discharged.
(2) The Commissioner shall also apportion amongst the share-holders, the amount paid to him by way of interest under sub-section (3) of section 7, and such apportionment shall be made on the basis of the amount due to each shareholder.
Download our fully-offline, High speed android app.- Click here
ACQUISITION OF THE SHARES OF THE COMPANY
7
Payment by the Central Government to the Commissioner8
Claims to be made to the Commissioner9
Examination of claims10
Admission or rejection of claims12
Undisbursed or unclaimed amount to be deposited to the general revenue account13
Power of inspection14
Power of Commissioner to inquire into disputes as to amountLawyer's Registry
Click here to register for Lawgist Lawyer's Registry
