(2) After admitting a claim under this Ordinance, the amount due in respect of each share acquired by virtue of this Ordinance shall be paid by the Commissioner at the rate of rupees thirty-two and paise seventy-five per preference share, and at the rate of rupees four and paise seventy per equity share to the person or persons to whom such sums are due, and, on such payment, the liability of the Central Government in respect of the share so acquired shall stand discharged.
Disbursement of money by the Commissioner to claimants.
(2) The Commissioner shall also apportion amongst the shareholders, the amount paid to him by way of interest under sub-section (3) of section 6, and such apportionment shall be made on the basis of the amount due to each shareholder.
11. Any money paid to the Commissioner which remains undisbursed or unclaimed for a period of three years from the last day on which the disbursement was made, shall be transferred by the Commissioner to the general revenue account of the Central Government; but a claim to any money so transferred may be preferred to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, the order, if any, for payment of the claim being treated as an order for the refund of revenue.
Undisbursed or Unclaimed amount to be deposited to the general revenue account.
12. For the purposes of ascertaining whether any person claiming payment under this Ordinance is a shareholder, the Central Government shall have the right to— Power of inspection.
(a) require any person, having the possession, custody or control, of any register or record of the Company, to produce such register or record before the Central Government;
(b) require any person to make any statement or furnish any information which may be required by that Government.
CHAPTER IH MISCELLANEOUS.
13. The provisions of this Ordinance shall have effect notwithstanding anything inconsistent therewith contained in any law, other than this Ordinance, or in any instrument having effect by virtue of any law, other than this Ordinance.
Ordinance to have overriding effect.
14. If any person,—Penalties.
(a) makes any claim for any payment under-this Ordinance, knowing or having reason to believe that such claim is false or without any basis; or
(b) when required under this Ordinance so to do,—
(i) omits or fails to produce any register or record of the Company; or SEC. 1] THE GAZETTE OF I N D F A EXTRAORDINARY 941
(ii) makes any statement or furnishes any information which is false in any material particular and which he knows or believes to be false or does not believe to be true; or
(c) makes any such statement as aforesaid in any book, account, record, register, return or other document, he shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to two thousand rupees, or with both.