(1) After admitting a claim under this Act, the amount due in respect of each share acquired by virtue of this Act shall be paid by the Commissioner to the person or persons to whom such amount is due, and, on such payment, the liability of the State Government in respect of the share so acquired shall stand discharged.
(2) The Commissioner shall also apportion amongst the shareholders the amount paid to him by way of interest under sub-section (3) of section 8, and such apportionment shall be made on the basis of the amount due to each shareholder.
13. Any money paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the Commissioner is finally wound up shall be transferred by the Commissioner to the general revenue account of the State Government; but a claim to any money so transferred may be preferred to the State 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.
14. For the purposes of ascertaining whether any person claiming payment under this Act is a shareholder, the State Government shall have the right to—
(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 Commissioner;
(b) require any person to make any statement or furnish any information which may be required by the Commissioner.
150 The Infusions (India) Limited (Acquisition of Shares) Act, 1985.
XXII of 1985.]
(Chapter III—Miscellaneous.---Sections 15-19.)
CHAPTER III Miscellaneous
15. The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any law, other than this Act, or in any instrument having effect by virtue of any law, other than this Act.
16. No suit, prosecution or other legal proceeding shall lie against the State Government or any officer of that Government or any officer or other person authorised by that Government for anything which is in good faith done or intended to be done under this Act.
Act to have overriding effect.
Protection of action taken in good faith.