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Section 8: Claims to be made to the Commissioner.

The British India Corporation Limited (Acquisition of Shares) Act, 1981Central Act · Act 29 of 1981

(1) Every shareholder, having a claim in relation to any share acquired by this Act, shall prefer such claim before the Commissioner within thirty days from the specified date:

Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring theclaim within the period of thirty days, he may entertain the claim within a further period of thirty days and not thereafter.

(2) Every shareholder of a preference share shall have a preferential claim with regard to the amount paid by the Central Government to the Commissioner.

Where this provision sits

ActThe British India Corporation Limited (Acquisition of Shares) Act, 1981
Section8
Marginal noteClaims to be made to the Commissioner.
JurisdictionCentral
StatusIn force as published by the source

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