Vidhi Codex

(ACQUISITION AND TRANSFER) ACT, 1996

The Roerich and Devikarani Roerich Estate (Acquisition and Transfer) Act, 1996

Civil199642 sections5 chapters

This law transfers the Roerich and Devikarani Roerich Estate, including land and buildings, to the State Government. It applies to the government, the original owners, and anyone who bought the land after 1991. The main purpose is to take control of the property and remove any old debts or court orders attached to it. However, it protects people who have loans on the property by allowing them to get their money back from specific funds, even though the land now belongs to the state.

Start reading →Read full ActSections

Chapter I PRILIMINARY →

  1. 1Short title and commencement
  2. 2Definitions.- In this Act, unless the context otherwise requires,-

Chapter II TRANSFER AND VESTING OF THE ESTATE →

  1. 3Transfer and vesting of the Estate in the State Government
  2. 4General effect of vesting
  3. 5Board by or against the Board.
  4. 6Power of State Government to direct vesting of the Estate in the
  5. 7Amount to be given to owners, transferees and other interested persons
  6. 8Commissioner and the said amount shall be paid to the owners, transferees or such other persons entitled thereto in the manner specified in Chapter IV.

Chapter III MANAGEMENT OF THE ESTATE →

  1. 9Management of the Estate
  2. 10Duties of persons in-charge of management of the Estate
  3. 11Duty of persons to account for assets. etc., in their possession.- (1)

Chapter IV COMMISSIONER OF PAYMENTS →

  1. 12Appointment of Commissioner of payments.- (1) The State
  2. 13State.
  3. 14Certain powers of the State Government and the Board.- (1) The
  4. 15Claims to be made to the Commissioner
  5. 16Priority of claims
  6. 17Examination of claims.- (1) On receipt of the claims made under section
  7. 18Admission or rejection of claims
  8. 19Disbursement of the amount by the Commissioner to the claimants.-
  9. 19ADisbursement of amount to the owners, transferees and other interested persons
  10. 20Undisbursed or unclaimed amount to be deposited to the General
  11. 21The Board of Trustees
  12. 22Powers and duties of the Board.- Subject to the rules made under this
  13. 23Appointment of Executive Officer and other officers.- (1) The State
  14. 24Government shall be deemed to be public servants within the meaning of section 21 of the Penal Code.
  15. 25Suits and other legal proceedings by or against Board
  16. 26Fund
  17. 27Power to borrow
  18. 28Utilisation of the Fund
  19. 29Audit
  20. 30Budget

Chapter VI MISCELLANEOUS →

  1. 31Act to have overriding effect
  2. 32Contract to cease to have effect unless ratified by Board
  3. 33Protection of action taken in good faith
  4. 34Penalties.- Any person who,-
  5. 35Offences by companies
  6. 36Revision
  7. 37Power to make rules
  8. 38Power to remove difficulties

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