Section 23

Undisbursed or unclaimed amount to be deposited with the general revenue account. Repealed

The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act, 1977

  • Act 41 of 1977
  • Ministry of Chemicals and Fertilizers
  • Department of Pharmaceuticals
About this Act

An Act to provide for, in the public interest, the acquisition and transfer of the right, title and interest of the undertakings of Messrs. Smith, Stanistreet and Company Limited, Calcutta and for matters connected therewith or incidental thereto.

All sections
    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 the revenue.
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