State Act
11
Section 11. Disbursement of money by the Commissioner to claimants
The Nagaland Forest Product Limited (Acquisition of Shares) Act, 1982
Act no. 5 of 19821982In forceNagaland (State Act)
11. (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 sums are due, and 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 7, and such apportiofl ment shall be made on the basis of the amount due to each shareholder.