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Functions of the Administrator

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Full Text of the Document

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....efaulter or any other person, any information or document including documents relating to ownership and possession of properties, details of amount raised from investors, claims of investors, amount claimed to have been refunded to investors; (b) Make a record of the properties that have been attached by the Recovery Officer including the additional properties that have been entrusted by the Rec....

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Full Text of the Document

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....nner specified in these regulations or as may be directed by the Recovery Officer, for the purposes of repayment to investors, pursuant to an order of the Board for refunds; (h) Verify the claims of investors and also that of the defaulter in respect of repayment of monies, either partly paid or wholly paid, claimed to have been made to investors on the basis of documentary evidence: Explanati....

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Full Text of the Document

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....may engage the services of a registrar and share transfer agent registered with the Board or such other agency as may be approved by the Recovery Officer, for managing the entire repayment process. Provided that the fees paid for such services shall be fixed by the Administrator taking into account the relevant factors including - (a) the number of investors and the claims that are made; (b)....