Rule 39. 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 officer appointed through notification by UT of Lakshadweep Administration for this purpose shall remain with him and be invested in the Central or State Government Securities or deposited as a fixed deposit in a scheduled bank.

(2) The Officer appointed through notification, UT of Lakshadweep Administration for this purpose will exhibit, as soon as maybe possible, a notice containing such particulars regarding the amount as the Officer appointed through notification, UT of Lakshadweep Administration for this purpose considers sufficient for information at least for fifteen days on the notice board and also publish such notice in any two newspapers being circulating in the language commonly understood in the area in which undisbursed wages were earned.

(3) Subject to the provision of sub-rule (4), the Officer appointed through notification, UT of Lakshadweep Administration for this purpose shall release the amount to the nominee or to that person who has claimed suchamount, as the case may be, in whose favour such Labour Enforcement Officer, UT of Lakshadweep 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 UT of Lakshadweep Administration from time to time in this behalf.