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of <h1>Individuals Can Claim Money Transferred to Government Under Section 205B of Companies Act, 1956; Verification Required</h1> Under Section 205B of the Companies Act, 1956, individuals claiming entitlement to money transferred to the Central Government's general revenue account under Section 205A(5) can apply for payment. The Central Government, upon verifying the claim through company certification or other means, may order payment to the claimant after securing appropriate guarantees. This provision does not apply to claims on funds transferred under Section 205C following the Companies (Amendment) Act, 1999.
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