Lawgist14Power of Commissioner to inquire into disputes as to amount
Where there is any dispute as to the person or persons who are entitled to any amount payable under this Act (including any dispute as to who are the legal representatives of any deceased claimant to the amount), the Commissioner may, after making such inquiry as he may deem fit, make the payment to such person as appears to him to be best entitled to receive the amount:
Provided that if the Commissioner is unable to determine as to who is the person entitled to the amount and considers that the matter could more appropriately be dealt with by the principal civil of original jurisdiction within the local limits of whose jurisdiction the registered office of the Company is situated, he may refer such dispute to the said court, whose decision thereon shall be final:
Provided further that nothing contained herein shall affect the liability of any person, who may receive the whole or any part of the amount allowed under this Act, to pay the same to the person lawfully entitled thereto.
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- 3 Transfer and vesting of shares of the Company in the Central Government
- 4 Management of the Company
- 5 Payment of amounts
- 6 Appointment of Commissioner of Payments
- 7 Payment by the Central Government to the Commissioner
- 8 Claims to be made to the Commissioner
- 9 Examination of claims
- 10 Admission or rejection of claims
- 11 Disbursement of money by the Commissioner to claimants
- 12 Undisbursed or unclaimed amount to be deposited to the general revenue account
- 13 Power of inspection
- 14 Power of Commissioner to inquire into disputes as to amount
- 15 Deposit of amount in court
