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REGISTERED No. D- 28

The Gazette of India

EXTRAORDINARY

PUBLISHED BY AUTHORITY

NEW DELHI, SATURDAY, NOVEMBER 12. 1949

GOVERNMENT OF INDIA

MINISTRY Of LAW

New Delhi, the 12th November, 1949

ORDINANCE No. XXIX OF 1949.

AN

ORDINANCE

to provide for the administration of the assets of the late Nawab Salar Jung

Bahadur of Hyderabad and for matters connected therewith .

WHEREAS Nawab Salar Jung Bahadur of Hyderabad died on the 2nd day of March, 1949, leaving assets in India, and there is no person immediately available who is legally entitled to such assets;

AND WHEREAS an emergency has arisen which makes it, necessary to provide for the administration of the assets in India of the late Nawab Salar Jung Bahadur of Hyderabad, and for matters connected therewith, pending the determination of the question as to who may be legally entitled to succeed to the assets;

Now, THEREFORE, in exercise of the powers conferred by section 42 of the Government of India Act, 1985 (26 Geo 5, c 2), the Governor-General is pleased to make and promulgate the following Ordinance:-

1. Short title, extent and commencement.—(1) This Ordinance may be called the Nawab Salar Jung "Bahadur (Administration of Assets) Ordinance, 1949

(2) It sxtends to all the Provinces of India, and also to every Aceeding State to the extent to which the Dominion Legislature has power to make laws for that State with respect to the m a t t e rs dealt with in this Ordinance

{3) It shall come into force at once

2. Definitions.—In this Ordinance, unless there is anything repugnant in the subject or context,—

(a) "assets" means all the items of property of the Nawab specified in the Schedule, and includes any other item of property added to the Schedule by notification under section 7;

( 2 2 4 5)

(b) "Committee" means the Salar Jung Estate Committee appointed for the purpose of administering the estate of the Nawnb under the Salar Jung Estate (Administration) EeguJation (No. XXXIV of L858P) of Hyderabad;

(o) "Nawab" means Nawab Salar Jung Bahadur of Hyderabad who died on the second day of March, 1949; and

(

3. Vesting of assets in Committee—AJ1 the assets specified in the Sohedulo shall vest in the Committee and shall be administered by the Committee subjeofc to the control of the Central Government).

4. Powers of the Committee.—(1) Subject to tiny rules that may be made in this behalf, the Committee may take such measures as it considers necessary or expedient* for the purposes of administering and managing the assets which have vested in it and may, for any such purpose, do all acts and incur all expenditure necessary or incidental thereto.

(2) "Without; prejudice to the generality ol the piovisions contained in sub- section (I), the Committee may, for any of the purposes aforesaid,—

(a) operate on any account standing in the name of the Nawab in any banking company;

(b) take such action as may be necessary for the recovery of any debt due to ihe Nawab;

(o) transfer in any manner whatsoever the assets or any part thereof;

(d) invest or re-invest any asset in BUch security as the Committea may think flfi.

(3) The Committee nifty, for the more convenient exercise of any of its powers, authorise, by resolution, any of its members to act on behalf ot the Commltteo in respect of such matters as may be specified.

5. Payment to Committee to be valid discharge.—'(2) Any payment made to the Committee in the discharge of any obligation in relation to any asset shall be a full and valid discharge to the person making the payment from all liability jn respect thereof.

(2) Any payment mudn otherwise than in accordance with sub-section (1) shall not be deemed to discharge the person paying it from his obligation to make the payment and phall not affect the right of the Committee to enforce such obligation agaitibt that person.

6. Transient otherwise than by Committee or without Ho consent void.— (1) Any transfer or other disposition of any asset made by any person after the 2nd day of Maroh, 1949, and before the commencement of this Ordinance, shall be void and shall be deemed always to have been void unless confirmed by the Committee.

(2) Any transfer or other disposition of any asset purporting to be made by any person other than the Committee after Hie commencement of this Ordinance shall be void nnd of no effect, and, notwithstanding anything con* tained in any law for the tune being in force, the asset shall be deemed to bo and alwayB to have been vested in the Committee.

7. Power to add to Schedule,—The Central Government may, by notification in the official Gazette, add to the items of property m the Schedule any other item which in its opinion represents property belonging to the Nawab, and on the issue of such notification, any property so added, shall be deemed always +o have been included in the Schedule.

8. Bar ol jurisdiction.—No suit or other legal proceeding for the enforce- ment of any rights or remedies in respect of any asset shall be instituted in any Court by any person other than the Committee save with the previous consent of the Central Government.

9. Protection o! action taken in good taith.—No suit, prosecution or other legal proceeding shall lie against the Committee for anything which is in good faith done or intended (.o be dono in pursuance of this Ordinance

10. Power to make rules.—The Central Government may, by notification in the official Gfizetto, rnaKe rules to parry out tho purposes of this Ordinance and, in particular, for the effective exercise of Ihe powers vested in tho Committee under this Ordinance.

SCHEDULE

(See section 2)

ASSETS 01? THE T ATE NAWAB ^ATAR JUKG B A H A l t K.

SHAJVES .

No. of shiver Amount.

In whoso ouf-tcdy.

Bern arks.

Dedoription of property.

Item No.

4

5

3

1

2

e

R B.

4

12,000

1

Imperial Bank of India, Hy- derabad Dn.

Government Pro- miaflory Notes 1806- 97.

Do.

18,000

2

180 Ordinary.

The Tata Hydro-Eleo- trio Power Supply Co. Ltd. (Bombay).

Do.

Do.

50,000

3

600 7 per cent. Preference.

Do.

50

The Andhra Valley

50,000

4

Ordinary.

Power Supply Co. Ltd. (Bombay).

Do.

B The Tata Powor Co.

1,10,000

110 Ordinary.

Ltd. (Bombay).

Do.

6

Do.

1,00,000

100 7 per cent. Preference.

7

Do.

80,000

300 7J per cent.

Tho Tata Iron and Steel Co. Ltd. (Bombay)

Second preference.

The Indian Iron and Steel Co. Ltd. (Calcutta).

J 1 F • •

R B.

19,209

10,20,000

e

Ordinary.

Tli" Associated Gomen Companies Limited (Bombay).

Pledged aa security against overdraft.

18,883 shares in tho oustody of the Central Bank of India Ltd. (Bombay).

Do.

020 shares in the ouBtody of the Imperial Bank of India (Hyderabad- Deooan).

S0.33S

u

10,067 Ordinary.

Imperial Bank of India, Hy- derabad Dn,

Tho British India Cor- poration Ltd. (Cal- cutta).

Do,

Spenoer tc Oo. Ltd.

8,600

860

Ordinary.

(Madras).

Do.

Do.

1,00,120

13

10,012 8} per cent. 'A *

Preferenoo.

Do.

4,248

Do.

42,480

14

8J par QerM,

'TV Prefaranue.

Do.

25,000

P. Orr & Sons Ltd-

IS

(Madras).

260 6 per cent. Preferenoo.

Do.

6,000

200

Powells Ltd. (Bombay)

ie

Do.

65,000

6150

17

Ordinary,

The Buckingham Sc Cfeimftt.ii Co. Ltd. (Madras).

Do.

6,000

200

18

Ordinary.

Youn_r India Cotton Milli Ltd. (Caloutta).

Fledged a* secu-

77,600

155

Im jorial Bank of India

19

(Bombay Rag.).

Fully paid.

Central Bank of India, Ltd., Bombay.

rity against overdraft.

B".

Do.

70,000

P o.

20

560 contributory.

Bo.

Do.

3,600

7

Imparial Bank of India

31

Sally paid.

(Calcutta Rog).

Do.

"*.

1,760

14

Do.

M

Contributory.

87,600

98

1.B00 RT. 25 paid

The Central Bank of India, Ltd. (Bombay),

Imperial Bank of India, Hy- derabad Dn.

Lip.

760 flj ptr cant. Preference.

vonoe Co. Ltd. (Bum- bay).

1

3

2

5

4

e

Rs.

100

26

1,500

Ordinary.

Jupiter General Innu- ronoe Oo. Ltd. (Bom. bay)-

Imperial Bank of India, Hy- derabad Dn.

500

27

5,000

Do.,,

The Madras Swadeshi Emporium Ltd. (Madras).

],800

28

10,000

Do.

The Vuloan Insurance Co. Ltd. (Bombay).

The Bombay Kleotrin

2fir>

13,250

29

Do.

Ordinary.

Supply and Tramways; Oo. Ltd. (In volunta-f ry liquidation).

300

30 Tho Industrial and'

3,800

Do.

Ordinary.

Prudential AaHuranot^ Co. Ltd. (Bombay)."

200

31

8,000

Do.

The Deooan Tobacco Works Ltd. (Poona). Ordinary.

Lira 1N817RAMOM Potrciea.

Name of Company. 1*011 oy No. Amount.

In whose oustody.

Item No.

Bemorks.

2

1

3

4

5

6

R8.

The Prudential AH- 3600081

1.00,000

32

With Company.

Buranco Co. Ltd.

784360

2,7fi,000

33

Do.

The Q-reahaxa Life Assuvanoo Society, Ltd.

>

42B37

The Bombay Life Aa-

34

2,00,000

Uo.

Buraaoe Co. Ltd.

09027-P

£2,000

35

Do.

Tho North British and Mercantile Inauranoe Oo. Ltd. (Caloutta).

100450

50,000

36

Do.

The Hindustan Co- operative Inauranoe Sooiety, Ltd.

HZ-CBB4

10,000

Allians Und Stuttgar- tor Life Insuranoe Bank Ltd. (N"w Delhi).

Deducted un- der instructions from the Government of India, on policy which matured in 1048.

BANK DEPOSIT.

Description of Property.

Amount.

Remarks.

Item No.

1

2

3

4

R8. A. P.

95,62fi 2 8

38

(up to 30-4-1940).

Current Aooount with Imperial Bank of IntH^£Bomtmy).

Houae in Ootacamund "Wood-

30

SltM(foun£ Estate Com-

oook Hall".

miStee.

40

Do.

House in Foona "Qlodhui'Ht"

G. KAJAGOPALACHAKL,

Governor-General.

K. V. K. SUNDABAM,

Secy, to the Govt. of India.

PUBLISHED BY TIIU MANAOKH or PUBLICATIONS, DBLHI, INDIA, PmNTBD BT THB MANAOHa, Gov^flNMSKT OV IWDIA PREhlS. N"W D l L H l. I l l O^