Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

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Section : TRIBUNAL TO CALL UPON PERSONS TO MAKE CLAIMS

SECTION 14: TRIBUNAL TO CALL UPON PERSONS TO MAKE CLAIMS

(1) The Tribunal shall, by notification and in such other manner as may be prescribed; call upon every person, who claims to have any interest in any share, to prefer his claim within thirty days from such date as may be specified in the notification.

(2) Every person claiming an interest in any share shall make his claim the Tribunal in such form as may be prescribed, staling therein the rights claimed by him in the share and the manner in which, and the date on which such right was acquired by him.

(3) The Tribunal may, if it is satisfied that any claimant had sufficient cause for not preferring the claim within days from the dale specified in the notification, admit such claim within a further period of thirty days.

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