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Refunds to claimants from Fund.

Rule 7 - Companies Law - Rule 7 - 7. - (1) Any person, whose shares, unclaimed dividend, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares, etc. has been transferred to the Fund, may Claim the shares under provision to sub-section (6) of section 124 or apply for refund. under clause (a) of sub-section (3) of section 125 or under proviso to sub-section (3) of section 125, as the .....

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is claim. (3) The company shall. within fifteen days of receipt of claim form, send a verification report to the Authority in the format specified by the Authority along with all documents submitted by the claimant. (4) After verification of the entitlement of the claimant- (a) to the amount claimed, the Authority and then Drawing and Disbursement Officer of the Authority shall present a bill to the Pay and Accounts Office for e- payment as per the guidelines. (b) to the shares claimed. the Auth .....

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