(1) The State Government shall, for the purpose of disbursing the amounts payable to the shareholders under section 6, by notification, appoint a Commissioner of Payments.
(2) The State Government may appoint such other persons as it may think to assist the Commissioner and thereupon the Commissioner may authorise one or more of such persons also to exercise all or any of the powers exercisable by him under this Act and different persons may be authorised to exercise different powers.
(3) Any person authorised by the Commissioner to exercise any of the powers exercisable by the Commissioner may exercise those powers in the same manner and with the same effect as if they been conferred on that person directly by this Act and not by way of authorisation.
(4) The salaries and allowances of the Commissioner and other persons appointed under this section shall be defrayed out of the Consolidated Fund of the State.
Payment by 8. (1) The State Government shall, within thirty days from the the State specified date, pay, in cash, to the Commissioner, for payment to the Govemment to the shareholders,— Commissioner. (a) an amount equal to the amount calculated under subsection (1) of section 6, and
(b) an amount equal to the amount determined under subsection (2) of section 6.
(2) A deposit account shall be opened by the State Government in favour of the Commissioner, in the Public Account of the State, and every amount paid under this Act to the Commssioner shall be deposited by him to the credit of the said deposit account and the said deposit account shall be operated by the Commissioner.
(3) The interest accruing on the amount standing to the credit of the deposit account, referred to in sub-section (2), shall enure to the benefit of the shareholders.
Claims to be made to the Commissioner.