Escheat to the Central Government of unclaimed welfare fund balances after statutory period; refunds possible for genuine delayed claims. Escheat transfers unclaimed Senior Citizens' Welfare Fund balances to the Central Government after the statutory twenty-five year period, extinguishing claimants' rights unless a court orders otherwise; the Central Government may, on Committee recommendation and factual examination, refund amounts where genuine reasons prevented timely claims and may retain escheated sums within the Fund for Fund purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Escheat to the Central Government of unclaimed welfare fund balances after statutory period; refunds possible for genuine delayed claims.
Escheat transfers unclaimed Senior Citizens' Welfare Fund balances to the Central Government after the statutory twenty-five year period, extinguishing claimants' rights unless a court orders otherwise; the Central Government may, on Committee recommendation and factual examination, refund amounts where genuine reasons prevented timely claims and may retain escheated sums within the Fund for Fund purposes.
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