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The Delhi Protection of Interests of Depositors (in Financial Establishments) Act, 2001

Union territory Act of Delhi · Act 10 of 200146,416 characters of text

The enactment

TypeAct
CitationAct 10 of 2001
Year2001
JurisdictionUnion territory of Delhi
StatusIn force as published by the source
TextPublished as one document, as the source published it
Subjectsfinancial

Full text

The source publishes this enactment as a single document rather than provision by provision, so the whole text is below and there are no per-section pages for it. Nothing has been shortened.

(To be published in Part IV of Dethi Gazette, Extraordinary ).

Government of National Capital Territory of Delhi Wepartment of Law, Justice & Legislative Affairs) C-Wing, 8" Level, Delhi Secretariat, I.P. Estate, New Delhi-110002.

No. F.14 (24/LA-2001/ 557 ESO Dated the PP pasty, 2001.

The following Act of Legislative Assembly of the National Capital Territory of Delhi received the assent of the Lieutenant Governor, Delhi on the 20" July, 2001 and is hereby published for general information ;- THE DELHI PROTECTION OF INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT, 2001 (Delhi Act No. 10 of 2001).

(As passed by the Legislative Assembly of the National Capital Territory of Delhi on the 3" April, 2001).

AN ACT {0 protect the interest of depositors (in Financial Establishments) In the National Capital Territory of Dethi BE it enacted by the Legislative Assembly of the Delhi in the Fifly Second Year of the Republic of India as follows: ~

1. Short titleand (1) This Act may be called the Delhi Protection of Interests of commencement. Depositors (in Financial Establishments) Act, 2001

(2) It shall come into force at once.

2. Definitions, In this Act, unless the context otherwise requires,~

(a) “Assistant Collector” means an officer appointed as such under the Delhi Land Revenue Act, 1954 (Act 12 of 1954);

(b) “Competent Authority" means the authority appointed under section 5;

(c) “Delhi” means the National Capital Territory of Delhi;

(d) “deposit” includes und shall be deemed always to have included any receipt of money or acceptance of any valuable commodity by any financial establishment to be returned after a specified period or otherwise, either in cash or in kind or in the form of a specified service with or without any benefit iv the form of interest, bonus, profit or in any other form, but does not include —

(i) amount raised by way of share capital or by way of debenture, bond or any other instrument covered under the guidelines given, and regulations made, by the SEBI, established under the Securitics and Exchange Board of India Act, 1992 (15 of 1992);

(ii) amounts contributed as capital by partners ofa firm; t

(iii) amounts received fiom a scheduled bank or a cooperative bank or any other banking company as defined in | clause (c) of section 5 of the Banking Regulation Act, 1949, * (10 of 1949);

(iv) any amount received from--

(a) the Industrial Development Bank of India;

(b) a State Financial Corporation;

(c) any financial institution specified in or under section 6 A of the Industrial Development Bank of India Act, 1964(18 of 1964),

(d) any other institution that may be specified by the Government in this behalf, ss

(v) amount received in the ordinary course of business by way of--

(a) security deposit,

(b) dealership deposit;

(c) earnest money;

(d) advanced against order for goods or services;

(vi) any amount received from an individual or a firm or an i association of individuals not being a body corporate, registered under any cnactment relating to money lending which is for the time being in force in Delhi;

(vii) any amount received by way of subscriptions in respect ofa chit;

Explanation 1.-- "Chit" has the meaning as assigned to it in clause

(2) of section 2. of the Madras Chit Funds Act, 1961 (Madras Act 24 of 1961) as extended to the National Capital Territory of Delhi.

i Explanation II. -- Any credit given by aseller to a buyer on the sale of any property (whether movable or-immovable) shall not be

3. Fraudulent default by Financial Establishment.

deemed to be a deposit for the purposes of this clause;

(e) “Designated Court” means the Designated Court constituted under section 10;

(f) "Financial establishment” means a person or a group ~of persons accepting deposit under any scheme or arrangement or in any other manner but does not include a corporation or a * co-operative society owned or controlled by any State Government or the Central Government or the Government of any Union territory or a banking company as defined under clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

(g) "Government" means the Government of the National Capital Territory of Delhi;

(h) “Lieutenant Governor” means the Administrator of the . National Capital Territory of Delhi appointed by the President under article 239 AA of the Constitution.

Any financial establishment, which fraudulently defaults any repayment of deposit on maturity along with any benefit in the form of interest, bonus, profit or in any other form as promised or fraudulently fails to render service as assured against the deposit, every person including the promoter, partner, director, manager or any other person or an cmployce responsible for the management of or conducting of the business or affairs of such financial establishments shall, on conviction, be punished with imprisonment for a term which may extend to six years and with fine which may extend to one lakh rupecs and such financial establishment shall also be liable for a fine which may extend to one lakh rupees or where such deposit is quantifiable in terms of money, twice the ~ amount involved in such default, whichever is more:

Provided that in the absence of special and adequate reasons recorded in the judgement of the Court, the imprisonment shall not be less than six months and the fine shall not be less than twenty thousand rupees as against each individual and not less than one lakh rupees against such financial establishment.

Explanation:--For the — purpe of this scction, a financial establishment, which commits default in repayment of such deposit with such benefits in the form of interest, bonus, profit or in any other form S promised or fails to render any specified service proinised against such deposit, or fails to render any specific service agreed against the deposit with an intention of causing wrongful gain o one person or wrongful loss to another person or commits such ‘defaults duc to its inability arising out of impracticable or commercially not viable promises made while accepting such deposit or arising oul of deployment of money or assets acquired out of the deposits in such a manner as it involves inherent risk in recovering, the same when needed, shall be deemed to have committed a default or failed to render the specific service, fraudulently.

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4. Attachment of (1) Government or the Deputy Commissioner of a revenue area of properties on Delhi in their respective jurisdiction, suo-moto or on receipt of the default of return complaints may cause investigation of a complaint or fraudulent of deposits. transaction referred to in section 3. The Deputy Commissioner shall forward his report to the Competent Authority appointed under section 5 at the earliest.

(2) Notwithstanding anything contained in any other law for the hk f time being in force--

(i) where, upon complaints received from the depositors, or alisfied that any financial otherwise, the Government is | establishment has failed,--

(a) to return the deposit after maturity or on demand by | the depositor; or

(b) to pay interest or other assured benefit; or ainst such deposit;

rvice promised

(c) to provide the s or as ae where the Government has reason to believe that any financial establishment is acting in a manner detrimental to the interest of the depositors, with an intention to defraud them and if the Government is satisfied that such finaricial establishment is not likely to return the deposits or make payment of interest or other benefits assured or to provide the services against - which the deposit is received, the Government mayin order to protect the interest of depositors of such financial establishments, after recording reasons in writing, issue an order by publishing it in the official Gazette, attaching the money or other property believed to have been acquired by such financial establishment cither in its own name or in the name of any other person from out of the deposits collected by the financial establishment; or if it transpires that such money or other property is not available for attachment or not sufficient for repayment of the deposits, such other property of the said financial establishment or the personal assets of the promoter, director, partner, or manager or member of the said financial establishment, as the Government may think fit,

(3) On the publication of the order under sub-section (2), all-the properties and assets of the financial establishment and the persons mentioned therein shall forthwith vest in the Competent Authority .

appointed by the Government pending further order from the - Designated Court.

5. Appointment (1) Government shall while issuing the order under sub-section 2) of Competent of section 4, appoint any of its officers not below the rank of a Authority. Group ‘A’ officer as the Competent Authority to exercise control over the money and the properties attached ‘by’ the i Government under section 4.

(2) The Competent Authority shall apply within forty five days from the date of the publication of the said Order, to the Designated Court, supported by one or more affidavits stating » under section 4 and the amount of money or other property.

| the grounds on which the Government has issued the said order | believed to have been acquired out of the deposits and the details, if any, of persons in whose name such property is | | believed to have been invested or acquired or any other | .

| property attached under section 4, for such further orders as | | 5 found necessary.

| j as | R E TE T i y i S a

(3) ‘The Competent Authority may also make an application to any Special Court or Designated Court or any other Judicial Forum established or constituted or entrusted with the powers by any ‘other State Government or the Government of any Union territory for adjudicating any issue or subject matter pertaining, to money or property or assets of financial establishment under any similar enactment and, where there is no such Designated Court or any other Judicial Forum’ ia respect of money or property or assets belonging to or ostensibly belonging to a financial establishment or any person notified under this Act situated within the territorial jurisdiction of that Designated Court or any other judicial forum, as the case may be, for passing appropriate orders to give effect to the provisions of this Act.

6.Duties and (1) Without prejudice to the generalities of sub-section (1) of power of the section 5, the Competent Authority may carry out the purpose of Competent this Act.

Authority.

(2)(i) On receipt of order of appointment, the Competent Authority shall take such necessary actions as_is necessary or expedient for taking , physical possession of all the monies, properties and asscls of the concerned financial ee establishment expeditiously and the Competent Authority .

shall have all the powers which are necessary for the aforesaid purpose.

(ii) Without prejudice to the generality of the powers vested under sub-clause (i) of this sub-section, the Competent Authority shall be entitled to-

(a) require assistance of any police officer or any other authority or person and on such requisition it shall be the duty of the police officer or such other authority or person to extend necessary assistance;

(b) open bank accounts in any scheduled commercial bank and credit all monies realized and operate the bank accounts while dealing with the money received in his capacity as Competent Authority;

(c) require any person believed to be in possession of financial establishment, to furnish necessary 5 ‘formation: to hand over possession of such assets to the competent authority and such person shall Somat with the requisition without any loss of time;

(d) appoint legal practitioner or chartered accountant or any other person whose services are necessary for taking possession of asscts and realization of the assets of the financial establishment; , 10 control over any moncy, property or assets of the | | | s o l a c e ai i

(e) sell, receive, transfer, endorse or otherwise deal with any marketable security or negotiable instrument belonging to or in the control of the financial establishment and give propel discharge for the same, () sell, transfer or otherwise realize any movable or immovable property belonging to or in the control of the financial establishment cither by public auction or with the prior approval of the Designated Court by private arrangements:

Provided that the perishable items of assets shall be sold by public auction as soon as the Competent Authority deems fit.

(g) make payment as per the orders passed by the Designated Court from the bank accounts, and

(h) do all and every act and deed which would be necessary for the speedy realization of the assets of the financial establishments.

5 Explanation: - For the purpose of this section, the expression “financial establishment" includes the directors, promoters, mariagers or member of said establishment or any other person whose property or assets have been attached under section 4.

7. Assessment of (1) Within sixty days from the date of appointment, the Competent assets and deposit Authority shall assess the deposit linbilities and the assets of the S liabilities: (nancial establishment and submit the statement thereof to the ll Designated Court.

(2) The Competent Authority thereafter shall issue a notice either, individually or by means of effective media publication, inviting the claims by secured cr editors, if any, and also the depositors of the financial establishment, to submit their claims with proper proof to establish the same.

(3) Every notice under sub-section (2) sent to or deemed to have been effected to claimants shall state that, if the statement of claim is not sent to the Competent Authority before the expiry of the period of one month from the date of notice, the claims shall not be treated as claim entitled to be paid nner the provisions of this Act.

(4) Every Notice sent to a secured creditor shall require him to value the security before the expiry of the period of one month from the date of notice and such notice shall also state that if the statement of the claim together with the valuation of the security is not sent to the Competent ‘Authority, the Competent Authority shall value the security and his valuation shall be binding on such secured creditors.

as (5) If the claimant fails to comply with the notice as per sub- 12 section (4), such security shall be valued by the’ Competent Authority in his best judgement.

8. Report by the Afier making a report as per section 7, the Competent Authority Competent shall make an application to the Designated Court seeking Authority. permission to make payment to the depositors from out of the ” oniey realized’. ‘While making such application, the Competent Authority shall assess the liability to the depositors and the other liabilities and in case the money realized or realizable is not i sufficient to meet the entire liability, make a submission to the Designated Court seeking permission for making payment to the depositors and disburse the money as per the orders’ of the Designated Court.

i Pp .

i yg, Powers of the (1) The Designate d Court shall have all the powers for giving Designated Court i effect to the provisions of this Act.

regarding :

realization of (2) Without prejudice to the generality of sub-section

(1) the assets and Designated Court may- 3 payment to

(a) give any direction to the Competent Authority as it depositors.

deems fit, for offective implementation of the provisions:

of this Act;

.

(b) approve the statement of dues of the financial establishment due from various debtors, asses sment of the value of the assets of the financial establishment, finalize the list of the depositors and their respective dues;

(c) direct the Competent Authority to take possession of any assets belonging to or in the control of the financial i % : establishmen t and sell, transfer OF realize the attached assets either by public auction or by privale sale as he deems fit depending upon the nature of assets and credit i the sale proceeds thereof to the bank accounts;

(a) approve the necessary expenditure to be incurred by the Competent Authority for taking possession and realization of the assets of the financial establishmen t.

(c) order for payment to the depositors by the Competent Authority or order for proportionate payment to- the depositors in the event of the-money so realized is not sufficient to meet the entire deposit liability; and

(f) pass any order which the Designated Court deems fit for realization of the assels of the financial establishm ent and repayment to the depositors of the financial establishment or on any matter or issue incidental thereto.

Explanation:- For the purpose of this section, the expression ‘financial establishment’ includes | the directors, promoters, managers or members of said establishment or any other person \ | | i whose property or assets have been attached under section 4.

ae

10. Designated (1) For the purpose of this Act, the Government may, with the Court. concurrence of the Chief Justice of the Delhi High Court, by notification in the official Gazette, constitute one or~more Designated Courts in the Cadre of District and Sessions Judge including Additional District and Sessions Judge for such area or areas or for such cases oF group of cases, as may be specified in the notification.

(2) No Court including the Court constiluted under the Presidency Towns Insolvency Act, 1909 (3 of 1909) and the Provincial Insolvency Act, 1920 (5 of 1920), other than the Designated Court shall have jurisdiction in respect of any matter to which the provisions of this Act is invoked.

(3) Any pending case in any other court in respect of which the provisions of this Act is invoked, shall stand transferred to the Designated Courts from the date of notification issued under subsection (2) of section 4 of this Act.

11.Powers of (1) Upon receipt of an application under section 5, the Designated \ Designated Court Court shall issue to the financial establishment or to any other regarding person whose property is attached and vested in the Competent j ae attachment.

Authority by the Government under section 4, a notice 16 a6 accompanied by the application and affidavits and of the evidence recorded, if any, calling upon the said establishment and the said person to show cause on oF before a date to be specified in the notice, why the order of attachment should not be made absolute.

(2) The Designated Court shall also issue such notice to all other persons. represented to it as having, or being likely to claim, any interest or title in the property of the financial establishment or the person to whom the notice is issued under sub-section (1), calling upon all such persons to appear on the same date as specified in the notice and make objection if they so desire to the attachment of the property or any portion thereof, on the ground that they have an interest in such property or portion thereof.

(@) ‘Any person claiming an interest in the property attached or any portion thereof may, notwithstanding that no notice has been served upon him under this section, make an objection as aforesaid to the Designated Court at any time on or before the * specified date before an order is passed under sub-section (4) or sub-section (6).

(4) The Designated Court shall if no cause is shown and no 7

(5)

(6) objections are made on or before the specified date, under subsection (1), forthwith p;

an order making the order of attachment absolute, and issue such direction as may be necessary for realisation of the assets attached and for. the equitable distribution amongst the depositors of the money realised from and out of the property attached.

If cause is shown or any objection is made as aforesaid, the Designated Court shall proceed to investigate the same, and in so doing, as regards the examination of the parties and in all other respects, the Designated Court shall, subject to the provisions of this Act, follow the summary procedure as contemplated under the Code ‘of Civil Procedure, 1908(5 of 1908) and exercise all the powers of a Court in hearing a suit under the said Code. Any person making an objection shall be required to adduce evidence to show that at the date of the attachment he had some interest in the property attached.

After investigation under sub-section (5), the Designated Court shall pass an order as carly as possible preferably within one year of the reference of the case to it, either making the order of attachment passed under sub-section (2) of section 4 absolute. or varying it by releasing « portion of the property from attachment or canceling the order of attachment:

18

12.Attachment of property of mala fide transferees.

Provided that the Designated Court shall not release from attachment any interest which it is satisficd that the financial establishment or the person referred to in sub-section (1) has-in the property unless it is also satisficd that there will remain under attachment an amount or property of value not less than the. valie that is required for re-payment to the depositors of such financial establishment.

(7) Where an application is made by any person duly authorized or constituted or specified by any other State Government or the Government of any Union territory under similar enactment empowering him to exercise control over any money or property or assets attached by that State Government or the Government of a Union territory, the Designated Court shall exercise all its powers, as if, such an application were made under this Act and pass appropriate order or direction on such application so as to give effect to the provisions of such enactment.

(1) Where the assets available for attachment of a financial establishment or other person referred to in section 4 are found to be less than the amount or value which such Financial Establishment is required to repay to the depositors and where 19 { the Designated Court is satisfied by affidavit or otherwise that there is reasonable cause for believing that the said financial establishment has transferred (whether after the commencement of this Act) any of the property otherwise than in good faith and for consideration, the Designated Court viv by notice, require any transferee of such property (whether ‘or not he received the property directly from the said financial establishment) to appear on a date to be specified in the notice and show cause why so much of the transferee's property as is equivalent to the proper value of the property transferred should not be attached.

Where the said transferee does not appear and show cause on jon in the maimer the specified date, or where after inves provided in sub-section (5) of section 7, the Designated Court is satisfied that the transfer of the property to the said transferee was not in good faith and for consideration, the Designated Court shall order the attachment of so much of the said transferce's property as in the opinion of the Designated Court is equivalent to the proper value of the property transferred.

13.Seeurity in lieu Any financial establishment or person whose property has been or a8 of attachment. is about to be attached under this Act may, al any time, apply to the 20, Designated Court for permission to give security in lict of such attachment and where the security offered and given is, in the opinion of the Designated Court, satisfactory and sufficient, it may cancel the order of attachment or, as the case may be refrain from passing the order of attachment 14, The Designated Court may, on the application of any person Administration of © interested in any properly attached and vested in the Competent property Authority under this Act, and after giving the Competent Authority | attached. an opportunity of being heard, make such orders as the Designated i Court considers just and reasonable for -- 2) providing fom such of the property attached and vested in the Competent Authority as the applicant claims an interest in such sums as may be reasonably necessary: for the maintenance of the applicant and of his family, and for | expenses connected with the defence of the applicant where criminal proceedings have been instituted against him in the Designated Court under section 33 may be practicable the interest of

(b) safeguarding so far any business affected by the attachment and in particular, } } the interest of any partners in such business;

1i !

(¢) liabilities accruing to a financial establishment oF person emanating out of proceedings before a Designated Court, 21

15.Appeal.

16.Special Public Prosecutor.

17. Procedure and powers of Designated Court regarding offences

18. Act to shall be discharged in the manner prescribed by the Government out of the attached properties and assets in respect of such financial establishments or person referred to in section 4. ~ Any person including the Competent Authority, if aggrieved by an order of the Designated Court, may appeal to the High Court within sixty days from the date of order.

The Government shall, by notification, appoint an advocate of not less than ten years standing at the Bar, as a Special Public Prosecutor or Special Government pleader for the purpose of conducting the case in the Designated Court.

(1) The Designated Court may take cognizance of the offence Without the accused being committed to it for trial and, in tying the accused person, shall follow the procedure prescribed in the Code of Criminal Procedure, 1973 (2 of SIONS CASCS 1974) for the tial of S

(2) The provisions of the Code of Criminal Procedure, 1973 (2 of 1974) shall, so far as may be, apply to the proceedings before a Designated Court and for the purposes of the said provisions, a Designated court shall be deemed to be a Court of Magistrate.

Save as otherwise provided in this Act, the provisions of this Act override other laws.

19. Protection of action taken in good faith

20. Power to delegate.

21. Power to make rules.

shall have effect notwithstanding, anything inconsistent therewith contained in any other law for the time being in force or any custom?

or usage or any instrument having effect by virtue of any such law.

No suit or other proceedings shall lic against the Government or the Competent Authority or an officer or employee of the Government for anything, which is in good faith done or intended to be done under this Act.

The Government may by notification in official Gazette, direct that powers exercisable by it under the Act may also be exercised by such officer as may be mentioned therein subject to such conditions if any, as may be specified therein,

(1) The Government may by Notification in the official Gazette make rules for carrying out all or any of the purposes of this Act, In particular and without prejudice to the generality of the following power, such rules may provide for all or any of the following matters, namely a) all matters expressly required or allowed by this Act to be prescribed;

b) the procedure for attachment of property on default of return of deposit and terms and conditions, if any, required for the purpose;

¢) the procedure for assessment of a ts and deposit 23 liabilities by the Competent Authority, 4) the procedure for reporting to the Designated Court by the Competent Authority;

¢) the manner in which the liabilities accruing to a financial establishment or person cmanating out of the proceedings before a Designated Court is to be discharged out of the attached propertics and assets in respect of such financial establishments oF persons;

f) the procedure for filing appeals by the Competent Authority if aggrieved by an order of the Designated Courts the maintenance of registers and books of accounts by the we financial establishments covered under this Act, the safe custody of books, papers and documents in the office of the Competent Authority and ‘also for destruction of such books, papers and documents no longer required;

h) the auditing of the Balance Sheets and Profit and Loss Accounts.

3. Every rule made by the Government under this Act shall be laid as soon as may be after iti made before the House of the slative Assembly while it is in session fora total period of thirty days which may be comprised in one session or in two or more su ions, and if, before the expiry of the session immediately following, the session or the su sessions aforesaid, the Legislative Assembly agrees in making

22. Power to remove difficulties.

25 any modification in the rule or the Legislative Assembly agrees that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validily of anything previously done under that rule.

1) Ifany difficulty arises in giving effect to the provisions of this Act, the Government may, by ‘order published in the Gazette, do anything, not inconsistent with the provisions of this Act, which appears to it to be ne ry to remove the difficulty;

Provided that no such order shall be made after the expiry of the period of two years from the date of commencement of this Act.

very order made under this section shall, as soon as may be afler it is made, be laid before the House of the Legislative Assembly, Under Secretary (Law & Jud > R. MAH HW. Under Secretary, (Lan Govt, of Delhi (Law & Judi. De li. Deptt) ba pachivalaya, fPeal) TA oATETEUT OIA M gete tara areget crameh wa Peay eee, fPaPa, ra wd Paerreh ard Permit, sar aa, “at Petn, Pawel aPaaree, ard -0T CRC, aerriet: tagoap Paar ari-20017 57 6572 Peat Apes tbo srcrenrra, Pee af Fens 20 yert,2001 aT Paaft ornate & ania cra cert ba Pere Paes err eteT otra Pret af eae oF aeT § gavieve Fae arar & :- " et onen Paedrr warearait MiPea det afaPsan, 2001 {oat aFahen deariic, 2001} goregta crear wa Peat at Paes err wry Porte 3 aa, 2001 ar pal aE cre ta Pew M RPaedtte eee Afoorraerfat & Pea & deat & Por, UG afar A Re A ama B saa ah V adia wowed awada hte a fame ave Fret WR a sift fern sie: - 1 afer arr site urey Q) 38 after ai feet serearat (favre earsarsil #) fear eee afar 2001 wat sTeL

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(@) ‘wert mfaand’ 2 areri unr s a} snite gest afte az,

(8) ‘fees 8 crenk ata aaarh asa da fea a 2;

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(5) See yet Seo Far ago va or eva H aad Fa A aa ant Fea F sqER fe ae Tea A via at aa anata vite sik faaaa ats afear 1992 (1992 a 15) & ania entra wasat ong. (Mat) are Re ag aniféait site ware ag faraat & oni anPiet ag -va, ae va or Ret wey wea wT FH Gere we yst fat ot Baer err Yo Hwa H gers at TE TAT;

fat squats dar ar awcnet dae Sar serene fara afer, 1949 (1949 mT 10) HT unt Ss # as (a) 3 apn after Fa oa APRier are Bes aie;

frafattad @ wer arg af ft mfrea vet et sida siteifires fear aay, fert asa fra Fer;

anda ater fae dar aftiaa, 1964 (1964 wT 18) A arr 6 w A a sat anit fata alg facta eM;

ang oer den at aan arr ga Afra fafaece at mE Ra:

feafakae & aera arar a wet Ur () aferyfer afar;

(a) fast afr;

(a) saat oT;

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(6) ut sur a a dale feet F cere ga fret afuheer & aie voila fat cafes a fait at ar frat a valet @ vit Praia Ren at 2, aret uta;

(7) fat fae B dates F ater aH eT H ares alg usr;

easciaaen | — ‘fae’ ar aét orf hn Gt usta Usa Us aa Ret a any at are sere fae ws after 1961 (AeRT afefar i961 at 24) at RT 2 Bas (2) ¥ eae sel fear art 21 eriern 2— fart weafe (ae wet ar staat Bt) aT aaa a fader arr dar wt RA wa et BRE a ga as F valor & fare war afar ae) ArT GEA

(3) ‘faféee sya’ a aed at 10 H anit afSa fee varaa a 2;

(a) ‘fata earn’ & creed feat ate at ert BF eq a feat aq ade a oar eier wet are feat afar a cafaaat ase 8 3 afer Sa Us AAR AT Hs MR cay adh aia asa eae aT STAT aT Sae weT Prafas HE fat a asad Seed ar dara faery afer, 1949 (1949 wr 10) A arts Beas ow H aaraeonferat afta weet anita aa Shi;

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