State Act
12
Section 12. Disbursement of money by the Commissioner to claimants.
The Infusions ( India ) Limited ( Acquisition Of Shares ) Act, 1985
Act no. 22 of 19851985In forceWest Bengal (State Act)
12. (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.