Slaughtered and Detained Animals (Compensation) Act, 1986

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Winding up of Trustees; final account and other consequential provisions.

6.— (1) Where the Trustees—

(a) are required under section 5 (1) (a) of this Act to wind up their affairs, or

(b) make a decision under section 5 (1) (b) of this Act,

then as regards the period of the Trustees' existence subsequent to the date of the relevant letter of the Minister or, as may be appropriate, their decision the following provisions shall apply:

(i) subject to paragraph (ii) of this subsection, section 21 (1) of the Principal Act shall be construed as requiring the Trustees to prepare, as soon as may be after such date, a final account showing, as regards such period, all payments, disbursements, investments, sales and other dealings referred to in the said section 21 (1);

(ii) any obligation under the said section 21 (1), in respect of a financial year or part of a financial year, which arises during the period shall be construed as requiring the Trustees to prepare an account described in that section as regards the period beginning on the first day of the financial year to which the obligation relates and ending on such day as is appropriate (being a day which is after the expiration of the period referred to in paragraph (iii) of this subsection);

(iii) no claim for compensation under the Slaughtered and Detained Animals (Compensation) Acts, 1928 to 1938, shall be made after the expiration of the period of six months beginning on the aforesaid date;

(iv) the Trustees shall publish in such manner as the Minister shall direct a notice stating that no claim for such compensation shall be entertained by the Trustees after the expiration of the aforesaid period of six months and specifying the period;

(v) on and from the aforesaid date—

(I) the National Executive shall exercise the power vested in them by section 3 (1) of the Principal Act only if, and in so far as, it is necessary to do so to enable the provisions of section 6 (5) of the Principal Act to continue to have effect, and

(II) sections 4 (2), 9 (whether or not section 4 (1) of this Act has come into operation), 10 and 11 of the Principal Act and section 8 of the Detained Animals (Compensation) Act, 1932 , shall each cease to have effect;

(vi) in case the Minister has not exercised the power vested in him by section 4 (2) of this Act before the aforesaid day, that subsection shall on that day cease to have effect.

(2) The secretary to the Trustees shall, as soon as may be after the completion of the audit of the final account prepared under section 21 (1), as amended by subsection (1) (i) of this section, of the Principal Act, send to the Minister a copy, certified by such secretary to be a true copy, of such account and of the auditors' report thereon.

(3) Subsections (2) and (3) of section 21 of the Principal Act shall apply as regards the account prepared in compliance with the requirement of subsection (1) of this section and for the purposes of such application that account shall be regarded as having been prepared under the said section 21.