Rule 47. Manner of dealing with the undisbursed dues under clause (b) of sub-section (1) of section 44

(1) The amount referred to in sub rule (1) of rule 47 (hereinafter in this rule referred to as the amount) deposited with the authority appointed/notified for the purpose by the State Government, shall remain with him and be invested in the State Government Securities or deposited as a fixed deposit in scheduled bank.

(2) The authority appointed/notified for the purpose of sub-rule (1) will exhibit, as soon as may be possible, a notice containing such particulars regarding the amount as he considers sufficient for information at least for fifteen days on the notice board and also publish such notice in any two newspapers being circulated in the language commonly understood in the area in which undisbursed wages were earned.

(3) Subject to the provision of sub-rule (4), the authority appointed/notified for the purpose, shall release the amount to the nominee or to that person who has claimed such amount, as the case may be, in whose favor such authority has decided, after giving the opportunity of being heard, the amount to be paid.

(4) If the undisbursed amount remains unclaimed for a period of seven years, the same shall be dealt with in the manner as directed by the State Government from time to time in this behalf.