(1) The Administrator-General shall open a separate account of each estate coming into his hands for administration. Such account shall be opened and maintained in “A” ledger of the office so long as the estate is under administration. If any assets remain undistributed till after the administration is closed, the Administrator-General shall, on being satisfied that there is no likelihood of any claim being made to them, transfer the account of the estate from “A” ledger to “B”-ledger of his office. Likewise the Administrator-General shall transfer from “A” ledger to “B” ledger the assets reserved by him for meeting the admitted claims of the creditors and the indivisible assets of the estates in his hand in the manner respectively provided for in rules 35 and 36. All the assets so transferred to “B” ledger shall, if they remain in custody of the Administrator-General for a period of twelve years without any application for payment thereof having been made and granted by him, be transferred to the account and credit of the State Govemment under section 51.
________________________________________________________________________ 1 to 5. Sub. by G. N. of 17-12-2005.
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(2) Each account opened in “B” ledger should indicate at its heading, the year in which the assets to the credit of the account, are liable to be transferred to the State Government under section 51. At the end of every calender year, the Administrator-General shall, subject to the provisions of the said section, transfer to the State Government the assets to the credit of all the accounts in “B” ledger which are liable to be closed in.that year.