(1) Any sum payable by way of dividend, interest, share profits or otherwise to or for the benefit of an enemy or an enemy subject or an enemy firm shall, unless otherwise ordered by the Central Government, be paid by the person by whom such sum would have been payable but for the prohibition under the Defence of India Rules, 1962, to the Custodian or such person as may be authorised by him in this behalf and shall be held by the Custodian or such person subject to the provisions of this Ordinance.
(2) In cases in which money would, but for the prohibition under the Defence of India Rules, 1962. be payable in a foreign currency to or for the benefit of an enemy or an enemy subject or an enemy firm (other than cases in which money is payable under a contract in which provision is made for a specified rate of exchange), the payment shall be made to the Custodian in rupee currency at the middle official rate of exchange fixed by the Reserve Bank of India on the date on which the payment became due to that enemy, enemy subject or enemy firm.
51 of 1962.
Property vesfed in the Custodian of Enemy Property for India under the Defence of India Rules, 1962 to continue to vest in the Custodian.
lransfer of property vested in Custodian by enemy or enemy subject or enemy firm.
414 THE GAZETTE OF INDIA EXTRAORDINARY [PART II
(3) The Custodian shall, subject to the provisions of section 8, deal with any money paid to him under the Defence of India Rules, 1962 or under this Ordinance and any property vested in him under this Ordinance in such manner as the Central Government may direct.