Section 51 of AGA : Section 51: Assets Unclaimed For Twelve Years To Be Transferred To Government
AGA
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Explanation using Example
Imagine that Mr. Gupta passed away in 2008, leaving behind a sum of money in a bank account. Despite several notices and attempts to locate the rightful heirs, no claimants came forward to claim the inheritance. The Administrator-General took charge of the assets in 2009. By 2021, a full twelve years had passed since the assets were under t...
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