Settlement of dispute

Corporate1960195 sections

Statutory text

(1) The Registrar, on receipt of the reference of a dispute under section 64, may either decide the dispute himself or transfer it for disposal to a nominee or a board of nominees to be appointed by the Registrar. (2) Where any dispute has been transferred under sub-section (1) for disposal to a nominee or a board of nominees, the Registrar may, for reasons to be recorded in writing, withdraw such dispute from such nominee or board of nominees at any time and may decide the dispute himself or transfer it again for decision to any other nominee or board of nominees appointed by him. (3) The decision of a nominee or a board of nominees to whom any dispute is transferred for decision under this section shall, for the purposes of this section, be deemed to be the decision of the Registrar.

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