Section 12: Payment to Custodian of income from enemy property

Enemy Property Rule, 2015Central Rules · 1968

(l) The payment of money by an enemy subject or enemy firm to the Custodian under the Act shall be as per the following procedure, namely:-

(a) all rent, lease money, sale-proceed, dividend, interest or share profit or any other money payable to the Custodian in respect of enemy property under the Act or under these rules shall be tendered by cash or by an account payee demand drafts or cheques or bank transfers in favour of "the Custodian of Enemy Property for India" payable at Mumbai in the Office of the Custodian or to any other person who may be authorised by the Custodian in this behalf, to receive such money;

(b) the person receiving the money on behalf of the Custodian shall issue a receipt in Form 8;

(c) in case of outstation cheques, the amount on account of bank charges may also be added to the amount due to the Custodian.

Where this provision sits

Act	Enemy Property Rule, 2015
Section	12
Marginal note	Payment to Custodian of income from enemy property
Jurisdiction	Central
Status	In force as published by the source

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