The British India Corporation Limited (Acquisition of Shares) Act

Transfer and vesting of shares of the Company in the Central Government

Management of the Company

Payment of amounts

Appointment of Commissioner of Payments

Payment by the Central Government to the Commissioner

Claims to be made to the Commissioner

Examination of claims

Admission or rejection of claims

Disbursement of money by the Commissioner to claimants

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

Power of inspection

Power of Commissioner to inquire into disputes as to amount

Deposit of amount in court


ACQUISITION OF THE SHARES OF THE COMPANY


For the purposes of ascertaining whether any person claiming payment
under this Act is a shareholder, the Commissioner shall have the right to--

(a) require any person, having the possession, custody or control, of any register or record of the
Company, to produce such register or record before the Commissioner,

(b) require any person to make any statement or furnish any information which may be required
by the Commissioner.


LAWGIST

# 13 Power of inspection